Bitcoin (BTC) may not be worrying analysts with its latest price dip, but it will likely close its first negative month of April in six years this week despite hitting a new all-time high two weeks ago.
Data from monitoring resource Bybt shows that at -8.3%, April 2021 is Bitcoin’s worst April on record and the first since 2015 to make a loss.
A Bitcoin April like few others
The performance contrasts that of March, traditionally a “bad month” for Bitcoin but which this year conversely saw gains of nearly 30%.
With Q1 likewise seeing three straight months of upside — something that has not happened since 2013 — 2021 continues to buck multiple BTC price trends.
Bitcoin monthly returns comparison. Source: Bybt
At the time of writing, with less than two days to go until May, BTC/USD traded at around $54,600, having briefly spiked to $56,200 on rumors that Facebook had purchased Bitcoin in Q1. Those rumors, despite making it to mainstream media, turned