Investors in Bitcoin (BTC) are eager to break a streak of four consecutive losses on Mondays.
In recent weeks, the leading cryptocurrency has seen substantial price fluctuations, largely influenced by economic uncertainties such as geopolitical issues, tariffs, and increasing global bond yields. This anxiety seems to be extending into the Mondays following the weekends.
According to data from Velo, Mondays and Thursdays have emerged as the most negative days of the workweek over the past three months. In contrast, Sunday has been the most underperforming day overall, averaging a price decline of 1%. Generally, weekend performance tends to lag slightly behind that of weekdays.
Data from Coinglass indicates that Bitcoin has recorded losses on the last four Mondays. It saw declines of 0.31% on February 17, 4.6% on February 24, 8.5% on March 3, and 2.6% on March 10. Since its all-time high in late January, it has experienced a 30% drop, which coincided with a 10% decrease in the S&P 500.
The S&P 500 has similarly faced three consecutive Mondays of losses, not trading on February 17 due to a U.S. holiday.
Currently, Bitcoin is trading about 1.4% higher over the past 24 hours, while S&P 500 futures have dipped slightly into negative territory. The coming days remain uncertain.