Bitcoin posts best August since 2017 with 25% rally, but year-to-date losses persist

BitcoinWorld Bitcoin posts best August since 2017 with 25% rally, but year-to-date losses persist Bitcoin recorded a monthly gain of more than 25% in August, marking its strongest performance for that month since 2017, according to data compiled by Crypto Briefing.

The rally stands out because August has historically been one of the weakest months for the leading cryptocurrency, with a median return of roughly -7% since 2013. Historical context: August as a seasonal weak spot Seasonality has long been a point of focus for crypto analysts.

August, in particular, has delivered lackluster or negative returns in most years, making the current surge an anomaly worth noting.

The last time Bitcoin posted a larger August gain was in 2017, when it jumped 65% during that month, a period that preceded the asset’s peak later that year. Despite the strong monthly performance, Bitcoin remains approximately 30% lower on a year-to-date basis.