It is a bloodbath for digital assets, traders hitting the sales button, annihilating more than $ 160 billion in total market capitalization of the cryptocurrency since Friday.
Little is worsened as the first quarter of this year ends, leading to sale, in particular Trump’s pricing threats, global economic concerns and the absence of a clear catalyst for the next step.
However, if the story is to pass, there could be a glimmer of hope before the second quarter, because April could bring an upward configuration for the crypto.
Based on total percentage yield since 2010, April has brought an average yield of 27% for Bitcoin, marking it the third best month, according to Barchart data. November and May were the other two months with the highest yields, with around 38% and 26% of earnings, respectively.
Like Coindesk analyst, Omkar Godbole, reported it for Crypto Daybook America – a premium newsletter offer to help traders make informed investment decisions – this seasonality could be a positive indicator that is well necessary for the market.
“Seasonal factors are not as reliable as autonomous indicators, but when they are associated with other signs, such as the recent stop by long -term holders, they seem credible,” wrote Godbole.
A bench in the wheel can be the transfer of bitcoin by the MT MT. Gox of a large amount of bitcoin to the portfolios of the centralized exchange, which could create the fear of the liquidations of the creditors.
“A short -term potential risk is Mount Gox, which has transferred large quantities of BTC to Kraken – this can cause temporary sales pressure or market volatility,” said the CEO of Deribit, Luuk Strimers.
Read more: this is now a “very good time” to buy Bitcoin, explains the investment manager of Tillion Dollar
