{"id":457306,"date":"2021-02-22T20:00:02","date_gmt":"2021-02-22T20:00:02","guid":{"rendered":"https:\/\/uniquehot.com\/?p=457306"},"modified":"2024-06-11T09:21:58","modified_gmt":"2024-06-11T09:21:58","slug":"why-march-is-the-bloodiest-month-in-bitcoin-history","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/why-march-is-the-bloodiest-month-in-bitcoin-history\/","title":{"rendered":"Why March Is The Bloodiest Month In Bitcoin History"},"content":{"rendered":"

February is the largest monthly candle on record for Bitcoin price<\/a> dollar for dollar. But with only a few days left in the shortest month of the year, things could soon turn extremely negative for the leading cryptocurrency by market cap.<\/p>\n

Here’s why March has traditionally been a bad month for Bitcoin, and what that could mean about the current crypto market uptrend.<\/p>\n

February Posts Landmark Bullish Cryptocurrency Monthly Candle<\/h2>\n
From the February open until the highest recent peak, Bitcoin price added nearly $25,000 per coin to its price tag before pulling back.<\/p>\n
And while whales caused a large selloff today back down to $47,000 at one point, the leading cryptocurrency by market cap has already set the record for largest monthly candle in terms of total dollars moved.<\/p>\n
Related Reading | Forget 2021, Here\u2019s How High Bitcoin Price Can Go By 2026<\/a><\/strong><\/em><\/p>\n
All kinds of records are being broken left and right, and the asset is in full price discovery mode. And while the uptrend seems unstoppable as of late, February has often been a month where short term trends come to an end.<\/p>\n
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This time it's different pic.twitter.com\/oEpK0SLqRz<\/a><\/p>\n
— Darren Lau (@Darrenlautf) February 22, 2021<\/a><\/p><\/blockquote>\n