Weekly Overview

Bitcoin, the leading cryptocurrency, finds itself grappling with consecutive losses observed over the past four Mondays. This trend raises questions on future price performance amid increased global economic uncertainties.

Current Market Conditions

• Bitcoin has seen notable volatility during weekends, leading to a rough start to the week for the cryptocurrency.
• Influential factors include macroeconomic uncertainties such as geopolitical tensions, tariffs, and increasing global bond yields, which seem to affect price movements over weekends.

Performance Review

According to data:

• Bitcoin has dropped 0.31% on Feb. 17, 4.6% on Feb. 24, 8.5% on March 3, and 2.6% on March 10.
• Comparatively, the S&P 500 index has also faced three consecutive Mondays of losses.

Bitcoin is currently trading slightly higher, up 1.4% over the past 24 hours, while S&P 500 futures have dipped slightly. The immediate future remains uncertain, with varying predictions on how these trends will play out.