Bitcoin set to close first ‘red’ April in 6 years as Ethereum keeps hitting all-time highs

Bitcoin set to close first ‘red’ April in 6 years as Ethereum keeps hitting all-time highs


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

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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

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