Bitcoin’s June Struggles Continue as S&P 500 Eyes Third Summer Rally
Bitcoin may face a fourth consecutive summer loss in 2025, while the S&P 500 could achieve a third straight seasonal rally. From 2020 to 2024, the S&P 500 had eight positive performances in July and August, compared to Bitcoin's six. Bitcoin has only one positive June since 2020, contrasting with the S&P 500's two negative Junes. Factors influencing Bitcoin's summer downturns include regulatory crackdowns, economic trends, and specific crypto events. In June 2020, Bitcoin experienced a sell-off post-halving but rebounded in July due to stimulus measures. The summer of 2021 saw Bitcoin rise amid institutional interest despite regulatory challenges. The summer of 2022 was marked by significant declines due to the Terra collapse and inflation concerns, while the S&P 500 rebounded. In June 2023, Bitcoin rose due to ETF applications but ended August negatively alongside equities. By June 2024, Bitcoin faced declines from weak ETF inflows and macroeconomic uncertainties, while the S&P 500 benefited from tech stock performance. July typically sees Bitcoin recover from June slumps, but it remains sensitive to internal crypto shocks and external economic factors.
