{"id":238256,"date":"2021-04-29T12:49:33","date_gmt":"2021-04-29T09:49:33","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/bitcoin-set-to-close-first-red-april-in-6-years-as-ethereum-keeps-hitting-all-time-highs\/"},"modified":"2021-04-29T12:49:33","modified_gmt":"2021-04-29T09:49:33","slug":"bitcoin-set-to-close-first-red-april-in-6-years-as-ethereum-keeps-hitting-all-time-highs","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/bitcoin-set-to-close-first-red-april-in-6-years-as-ethereum-keeps-hitting-all-time-highs\/","title":{"rendered":"# Bitcoin set to close first &#8216;red&#8217; April in 6 years as Ethereum keeps hitting all-time highs"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a4128cdc1cd4\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a4128cdc1cd4\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/bitcoin-set-to-close-first-red-april-in-6-years-as-ethereum-keeps-hitting-all-time-highs\/#A_Bitcoin_April_like_few_others\" >A Bitcoin April like few others<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/bitcoin-set-to-close-first-red-april-in-6-years-as-ethereum-keeps-hitting-all-time-highs\/#Ethereum_gains_spark_%E2%80%9Cinverse_correlation%E2%80%9D_talk\" >Ethereum gains spark &#8220;inverse correlation&#8221; talk<\/a><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong># Bitcoin set to close first &#8216;red&#8217; April in 6 years as Ethereum keeps hitting all-time highs <\/strong>&#8221;<\/p>\n<div class=\"post-content\" data-v-5a136f3a>Bitcoin (BTC) may not be worrying analysts with its latest price dip, but it will likely close its first negative month of April in six years this week despite hitting a new all-time high two weeks ag.<\/p>\n<p>Data from monitoring resource <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.bybt.com\/today\">Bybt<\/a> shows that at -8.3%, April 2021 is Bitcoin&#8217;s worst April on record and the first since 2015 to make a loss.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"A_Bitcoin_April_like_few_others\"><\/span>A Bitcoin April like few others<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The performance contrasts that of March, traditionally a &#8220;bad month&#8221; for Bitcoin but which this year conversely saw gains of nearly 30%.<\/p>\n<p>With Q1 likewise seeing three straight months of upside \u2014 something which has not h<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>ened since 2013 \u2014 2021 continues to buck multiple BTC price trends.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-04\/cf9532c5-9f75-48a0-8257-5d6ead99bb42.png\"><figcaption style=\"text-align: center;\"><em>Bitcoin monthly returns comparison. Source: Bybt<\/em><\/figcaption><\/figure>\n<p>At the time of writing with less than two days to go until May, BTC\/USD traded at around $54,600, having briefly spiked to $56,200 on rumors that <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Facebook<\/a> had purchased Bitcoin in Q1. Those rumors, despite making it to mainstream media, turned out to be baseless.<\/p>\n<p>As ever, Bitcoin&#8217;s best-known names were entirely unfazed by the lack of adoption miracle coming from Facebook&#8217;s Q1 earnings report.<\/p>\n<p>&#8220;If you sold Bitcoin because Facebook didn&#8217;t buy any in Q1 and you also think you&#8217;re GMI, I have some unfortunate <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">news<\/a> for you,&#8221; Travis Kling, CEO of crypto asset manager Ikigai, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/Travis_Kling\/status\/1387516961043587072\">told<\/a> Twitter followers.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">BREAKING: Facebook has purchased 0 bitcoin for an aggregate price of $0 in a strategic corporate move to have fun staying poor.<\/p>\n<p>\u2014 TEXAN HODL (@TexanHodl) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/TexanHodl\/status\/1387500107478839307?ref_src=twsrc%5Etfw\">April 28, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Ethereum_gains_spark_%E2%80%9Cinverse_correlation%E2%80%9D_talk\"><\/span>Ethereum gains spark &#8220;inverse correlation&#8221; talk<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>As Cointelegraph reported, meanwhile, the consensus among traders is building for Bitcoin to continue cooling off after six months of epic upside.<\/p>\n<p>During this time, which should last until the autumn, altcoins will be the focus, these already retaking the lion&#8217;s share of the cryptocurrency market cap.<\/p>\n<p>Ether (ETH), the largest altcoin which this week hit fresh all-time highs, is showing itself to be particularly uncorrelated to Bitcoin under current conditions.<\/p>\n<p>&#8220;Not only are they not correlated, which would be a 0, they have entered the realm of inversely correlated,&#8221; popular trader Scott Melker noted, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/scottmelker\/status\/1387446786793615361\">summarizing<\/a> findings from his latest Wolf Den newsletter.<\/p>\n<blockquote><p>&#8220;To note, we saw ETH\/BTC move up significantly on the BTC drop.&#8221;<\/p><\/blockquote>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-04\/b494cbfe-6c3c-4feb-aa4c-681b3241e036.png\" alt=\"\" title=\"\"><figcaption style=\"text-align: center;\"><em>BTC\/USD 1 day candles vs. ETH\/USD (orange) (Bitstamp). Source: Tradingview<\/em><\/figcaption><\/figure>\n<p>Towards Q4, however, Bitcoin should then awaken to continue its journey higher.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more News articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/bitcoin-set-to-close-first-red-april-in-6-years-as-ethereum-keeps-hitting-all-time-highs\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Bitcoin set to close first &#8216;red&#8217; April in 6 years as Ethereum keeps hitting all-time highs &#8221; Bitcoin (BTC) may not be worrying analysts with its latest price dip, but it will likely close its first negative month of April in six years this week despite hitting a new all-time high two weeks ag&#8230;.<\/p>\n","protected":false},"author":1,"featured_media":238257,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDQvNzU2YzlmMGYtMmU3Yi00NGNmLWE5MDYtZTY2NWVmZDVhMGVlLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74867,74862,74937,82402,74891,73785],"class_list":["post-238256","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-altcoin","tag-bitcoin","tag-bitcoin-price","tag-ether-price","tag-ethereum","tag-markets"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/238256","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=238256"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/238256\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/238257"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=238256"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=238256"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=238256"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}