Quick Take
Bitcoin began the week with a dip below $60,000, continuing a trend observed in the 33rd week of the year, which has historically been unfavorable for the digital asset. Data from Coinglass shows that Bitcoin has typically declined by an average of 1% over the past decade during this week, though 2013 was an outlier with a strong performance.
Since then, Bitcoin has experienced three double-digit drawdowns in the 33rd week. Recently, the 31st week of the year saw a 15% drop, and in week 32, Bitcoin briefly touched $49,000, marking a significant 38% decline from its all-time high.
Year
33rd week
2024
-0.21%
2023
-10.57%
2022
-11.49%
2021
+4.77%
2020
-2.19%
2019
-1.90%
2018
+2.71%
2017
+0.05%
2016
+2.07%
2015
-12.07%
2014
+2.66%
2013
+13.96%
Average
-0.98%
Ethereum has also shown a consistent pattern of negative performance during the 33rd week, with an average drawdown of 5% since 2016. This trend highlights the challenging environment for cryptocurrencies during this period.
We współpracy z: https://cryptoslate.com/insights/bitcoin-dips-below-60000-in-historically-challenging-33rd-week/
