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One platform for global traditional assets
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Bitcoin May Experience Second Consecutive 6-Month Decline, Following First Decline with 208% Surge
On March 29, according to Coinglass data, Bitcoin’s return rate for March this year is reported at -0.76%, which may result in a consecutive 6-month decline. Historically, Bitcoin has only experienced a similar situation once: from August 2018 to January 2019, it saw a cumulative drop of about 54.8% over 6 months. Subsequently, Bitcoin experienced a consecutive 5-month rise (from February 2019 to June 2019), with a total increase of up to 208%.