Loading IndicatorLoading Indicator

PiCK

Analysis: Bitcoin Has Historically Weakened in August

Source
Uk Jin

Summary

  • Digital-asset analyst Ali Martinez said Bitcoin’s average return in August is -10%.
  • Martinez said Bitcoin posted losses in August in each of the past four years.
  • He said Bitcoin was trading at $63,839 on CoinMarketCap that afternoon, down 0.17% from a day earlier.

Forecast Trend Report by Period

Loading IndicatorLoading Indicator
Photo: Screenshot from Ali Martinez's X account
Photo: Screenshot from Ali Martinez's X account

Bitcoin has historically weakened in August, digital-asset analyst Ali Martinez said.

Martinez wrote on X on July 31 that Bitcoin’s average return in August is -10%, adding that the month has not been particularly favorable for the cryptocurrency.

Data he shared showed Bitcoin declined in August in each of the past four years. It fell 13.88% in August 2022, 11.29% in August 2023, 8.60% in August 2024 and 6.49% in August 2025.

As of 5:17 p.m., Bitcoin was trading at $63,839, down 0.17% from a day earlier, according to CoinMarketCap.

Uk Jin

Uk Jin

wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.

What do you think about this news?








PiCK News