Bitcoin Makes History With First-Ever Green August During a Bear Market

The latest monthly gain also snapped a run of four consecutive August losses, including two double-digit hits in 2022 and 2023. Bitcoin closed August 2026 up nearly 25%, giving the month a result that has not appeared in comparable post-peak years of 2014, 2018, and 2022. Ash Crypto pointed to the unusual monthly candle on September 1, noting that the latest close breaks a pattern that has accompanied Bitcoin’s previous bear-market phases. Bitcoin Breaks an August Pattern Ash Crypto’s chart, based on Bitstamp data and using a logarithmic scale, compares August performances after Bitcoin’s major cycle highs. August 2014 fell about 18% after the 2013 peak, August 2018 lost roughly 9% after the 2017 peak, and August 2022 dropped some 14% following the 2021 high. However, this year, things went the other way. Bitcoin started the month in the low $60,000s and climbed above $81,000 before finishing at about $78,600, producing a monthly gain of 24.95%, according to CoinGlass data. Ash Crypto described it as “BITCOIN JUST CLOSED AUGUST GREEN FOR THE FIRST TIME EVER IN A BEAR MARKET.” The distinction is important, since the chart does not establish that BTC has entered a new bull market. In...