Bitcoin tends toward strong performance in July, but Mt. Gox is weighing on hopes of a rebound.
Bitcoin (BTC) may see a strong rebound in July following a lackluster performance in June, which saw Bitcoin falling almost 7% in the month, according to analysts
The price of Bitcoin dropped as much as 6.96% last month and has historically averaged a slump of 0.35% in June, according to data from Coinglass — which tracks the monthly returns of Bitcoin beginning in 2013.
In a June 30 post to X, Ali Martinez, a crypto markets analyst, noted that in previous years, whenever the month of June ends in a downtrend, the following month sees a roaring comeback, with Bitcoin gaining an average of 7.42% historically.