Bitcoin ended June at roughly $107,000, its highest monthly and quarterly close on record, according to market pricing cited by several data trackers. The milestone eclipses all prior month-end levels for the world’s largest cryptocurrency. The new high crowns a strong second quarter in which Bitcoin rose nearly 30%, although June itself delivered a more modest 2.5% advance. The asset has now registered three consecutive monthly gains, underscoring revived appetite for risk after last year’s volatility. Traders are watching whether seasonality will extend the run. Bitcoin has never posted a loss of more than 10% in July, and U.S. equity benchmarks—often a bellwether for digital-asset sentiment—also tend to gain that month. Even so, Goldman Sachs flow specialists said this week that the equity rally could peter out in August, suggesting any crypto follow-through may face similar headwinds later in the summer.
As my friend @AlmanacTrader has been all over, the first day of July historically has been really strong. S&P 500 up 0.27% on average on July 1st, one of the best days of the year. Worth noting that July 3rd is even better though. https://t.co/kSbBWrfXQk
Since 1928, the S&P 500 has posted an average overall gain of 1.7% in July…historically, the best performing month of the year https://t.co/0TcbcKhlJL
We just released our updated Market Seasonality Report — a look at how markets $SPX tend to behave during different months, days, and quarters using data going back to 1975. Here’s what stands out for July: • +1.1% average monthly return for the S&P 500 • Last 10 July's 100% https://t.co/KOf1xTYODO