According to recent data from Coinglass, a detailed analysis of Bitcoin’s historical performance reveals a balanced trend in the month of March. Since 2013, Bitcoin has exhibited either gains or losses equally, with a total of six price surges matched by six declines. The most notable increase was recorded in March 2013, when Bitcoin’s value skyrocketed by an impressive 172.76%. In contrast, March 2018 marked the steepest decline, as the cryptocurrency saw a drop of 32.85%. Over this period, the average performance of Bitcoin in March points to a modest return rate of 12.43%. This data underscores the volatile nature of cryptocurrencies, emphasizing that while Bitcoin has potential for significant gains, it is equally susceptible to sharp downturns, necessitating prudent market strategies for investors.
Source: https://en.coinotag.com/breakingnews/bitcoins-march-price-trends-analyzing-historical-increases-and-decreases-since-2013/