First Bitcoin ETF Posts Historically Worst Performance, Report Reveals
The ProShares Bitcoin ETF, known as ” BITO“, wrote history on October 19, 2021. Some two-plus years later, BITO is once again posting historic numbers, but they don’t appear to be very encouraging. BITO was the first exchange-traded fund in the U.S. market to track the price of BTC and marked an important step in […]
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Serious cold feet over the outlook for monthly timeframes with September historically a "red" month. BItcoin (BTC) is on track to see its worst August performance since the 2015 bear market — and next month may be even worse.Data from on-chain analytics resource Coinglass shows that BTC/USD has not had an August this bad for seven years.September means average 5.9% BTC price lossesAfter two major BTC price comedowns in recent weeks, Bitcoin hodlers are understandably fearful — but historically, September has delivered even worse performance than August.At $20,000, BTC/USD is down 14% this....
XRP price might have struggled to leave the $0.50 range over the last several months, even despite a victory in Ripple’s case with the SEC. But all that could change in Q4 2023, as the fourth quarter of the year is historically the most bullish for the altcoin. With this in mind, let’s dig into the data and see how Q4 stacks up against the historical performance of other quarters of the year. Plus, we’ll pin-point precisely which month is by far the most bullish of them all. Q4 Performance Is The Best Historically For XRP Price XRP price at the moment is trading at around $0.51 after a....
Despite BTC’s lackluster performance in September historically, 2021 could be an outlier to this trend if current market momentum persists. Bitcoin (BTC) has been struggling to break the $50,000 mark for over 10 days now. However, on Sept. 2, the premium cryptocurrency briefly surpassed the milestone, sending positive ripples across the market. Since then, the token has dropped below the mark to trade in the $49,000 range before rebounding to hit the $50,000 mark yet again on Sept. 3.As Bitcoin often behaves in a cyclical pattern, a look at the monthly trends for September could reveal....
The XRP price has had a rollercoaster growth trajectory which was mostly hindered by the US Securities and Exchange Commission (SEC) filing a lawsuit against Ripple. But a lot of the altcoin’s performances over the months have been rather predictable, and with its history, we can get an idea of what to expect for the XRP price this month. October Not Looking Good For XRP Price In a heat map of historical XRP price data generated by NewsBTC, we can see how the month of October has usually gone in the past. The heat map shows XRP’s performance over the last eight years and the figures for....
Do Wall Street’s woes have anything to do with bitcoin’s bounce? Bitcoin was one of the few winning investments in the worst first week of the year for U.S. stocks, according to The Wall Street Journal. The Dow Jones Industrial Average (DJIA) and the S&P 500 had their worst first weeks in history. Bitcoin, gold, the yen and natural gas were in growth modes. At the close of trading Friday, the DJIA fell 6.2%, the S&P 500 lost 5.96%, and the Nasdaq was down 7.3%. In addition, 10-year Treasury yields fell 0.141 percentage points to 2.131% and Nymex crude oil dropped 10.48%. The DJIA’s....