Bitcoin investors (BTC) are looking to exceed four consecutive losses on Monday.
During the last weekends, the largest cryptocurrency has experienced significant price volatility, driven by macroeconomic uncertainty, including geopolitical tensions, prices and the increase in global bond yields. The nervousness of the weekend seems to have continued in Monday.
Velo data show that the last three months and Thursdays have been the most negative days of the regular work week. On Sunday, however, is distinguished as the most efficient day of the week overall, with an average price drop of 1%. Overall, weekends work a little worse than weekdays in terms of performance.
Bitcoin fell in the last four Mondays, according to Coinglass data. It lost 0.31% on February 17, 4.6% on February 24, 8.5% on March 3 and 2.6% on March 10. It dropped by 30% of its summit of all time at the end of January, coinciding with a slide of 10% in the S&P 500.
The S&P 500 also experienced three consecutive Mondays of losses. He did not exchange on February 17 due to American holidays.
Bitcoin is negotiated only 1.4% more at 24 hours, while S&P 500 term contracts have become slightly negative. What is happening next is someone’s assumption.
