![Bitcoin’s April plunge: On monitor for worst month since August down 11% Bitcoin’s April plunge: On monitor for worst month since August down 11%](https://cillionairee.com/wp-content/uploads/2024/04/dpp-1.png)
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Fast Take
Knowledge from Coinglass exhibits that Bitcoin is presently going through a difficult month, because it experiences a big drawdown of over 11.2% in April. Up to now, this marks the worst-performing month for Bitcoin since August 2023, when it noticed an analogous drawdown of roughly 11.3%. To discover a extra extreme month-to-month decline, one would want to look again to November 2022, when Bitcoin skilled a 16.2% drawdown in the course of the FTX collapse.
Previous to this present downturn, Bitcoin had loved a seven-month streak of consecutive good points from September to March.
![Bitcoin Monthly Returns: (Source: Coinglass)](https://cryptoslate.com/wp-content/uploads/2024/04/month.png)
Nevertheless, the current volatility seems to have doubtlessly halted this optimistic development, although with two weeks remaining within the month. CryptoSlate had beforehand reported on April 4 that each day value drops of round 5% have been anticipated. Since then, Bitcoin has seen important each day declines, with a 3.5% drop on April 9 and roughly 4% drops on April 12, 13, and 15.
![Daily Price Performance: (Source: Glassnode)](https://cryptoslate.com/wp-content/uploads/2024/04/dpp-1.png)
The submit Bitcoin’s April plunge: On monitor for worst month since August down 11% appeared first on CryptoSlate.
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