August isn't exactly known for being a great month for Bitcoin ($BTC). It's been over a decade now that the leading cryptocurrency has been trading on exchanges, and this month often brings some of the biggest dips, no matter how strong the trend is.
If you look back over the last 13 years, Bitcoin has only closed August in the green four times. The rest? It's mostly red, with losses often crossing into double-digit territory.
According to CryptoRank, the median August return is around -8.3%, and in some years, like 2011, 2014 or 2015, it got pretty ugly. Even in relatively good years like 2022 and 2023, $BTC saw dips of 14% and 11.2% in August, respectively.
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