BITCOIN

Matrixport: Bitcoin has been on a nearly seven-month consecutive rise, about to match the record of the 2012 halving year.

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Matrixport: Bitcoin has been on a nearly seven-month consecutive rise, about to match the record of the 2012 halving year.

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Bitcoin has risen for six consecutive months

Matrixport tweeted that Bitcoin has shown positive returns from September last year to March this year. If it does not fall below $61,206 this month, it will achieve a seventh consecutive month of gains:

  • September: +3.91%

  • October: +28.52%

  • November: +8.8%

  • December: +12.18%

  • January: +0.62%

  • February: +43.55%

  • March: +15.59%

BTC monthly returns

BTC rises for seven consecutive months, the only time in history

Matrixport also mentioned that this is the second time in Bitcoin's history that it has come close to achieving seven consecutive months of positive returns, with the last time being from March to September 2012.

Back then, Bitcoin rose from $4.91 to $12.4, an increase of 161%.

Bitcoin monthly chart

BTC rises for seven consecutive months, what was the performance afterwards?

The halving event of 2012 occurred in November of that year, reducing the mining reward from 50 BTC to 25 BTC.

At that time, in October before the halving, BTC dropped from $12.3 to $11.2, a decrease of -9.67%, and then continued to rise for six months, reaching $139, a +1,329% increase.