May is done, and now we’re into June.
While May is historically the best-performing month for $BTC, that wasn’t the case for May 2023.
How does June compare? Let’s look:
Bitcoin’s June Performance: A Year-by-Year Breakdown
- June 2010: The Infancy
Opening: $0.01
Closing: $0.01
Result: Neutral - June 2011: The First Rally
Opening: $8.74
Closing: $16.10
Result: 📈 Bullish (up +84.21%) - June 2012: The Steady Growth
Opening: $5.20
Closing: $6.69
Result: 📈 Bullish (up +28.65%) - June 2013: The Flash Crash
* Opening: $128.83
* Closing: $97.51
* Result: 📉 Bearish (down -24.31%) - June 2014: A Small Climb
* Opening: $627.01
* Closing: $640.79
* Result: 📈 Slightly bullish (up +2.19%) - June 2015: The Stable Climb
* Opening: $228.38
* Closing: $262.89
* Result: 📈 Bullish (up +15.11%) - June 2016: The Slow Rise
* Opening: $530.69
* Closing: $671.91
* Result: 📈 Bullish (up +26.58%) - June 2017: A Remarkable Surge
* Opening: $2,455.01
* Closing: $2,865.02
* Result: 📈 Bullish (up +16.69%) - June 2018: The Steep Fall
* Opening: $7,488.80
* Closing: $6,386.45
* Result: 📉 Bearish (down -14.71%) - June 2019: A Strong Rally
* Opening: $8,544.76
* Closing: $10,754.92
* Result: 📈 Bullish (up +25.83%) - June 2020: A Small Dip
* Opening: $9,446.96
* Closing: $9,134.02
* Result: 📉 Slightly bearish (down -3.31%) - June 2021: Another Downturn
* Opening: $37,279.86
* Closing: $35,041.11
* Result: 📉 Bearish (down -6.01%) - June 2022: A Significant Fall
* Opening: $31,781.64
* Closing: $19,949.77 - Result: 📉 Uber bearish (-37.23%)
Putting It All Together
In terms of how well Bitcoin performs, June ranks 5th out of all the months. Over the past 13 years, Bitcoin’s value has increased eight times by the end of June. However, the last time we saw an increase in Bitcoin’s value by the end of June was in 2019.
When we look at the average increase in Bitcoin’s value, June again ranks 5th with an average rise of 26.24%.
On the flip side, if Bitcoin’s value drops in a month, June sees the second-largest average decrease, at 17.12%, compared to the other months.