We will begin with the mandatory disclaimer, as we are well aware that historical performance does not guarantee similar moves in the future. However, history does tend to rhyme, and that’s what happened in July for $BTC.
The question is: will August follow suit, as the month has not been kind to the largest cryptocurrency, especially the last four editions.
July Brought Some Gains
Before we explore what happened in July, here’s a brief outlook of the painful June, which set the stage for a rebound during the seventh month of the year. The 2026 edition of June became the most violent in terms of price moves for the cryptocurrency in precisely four years. It tumbled by 20.48% in 2026 compared to 37.28% in June 2022.
As such, it was almost expected that July would be a better month. History was also on $BTC’s side as 9 out of the last 11 were in the green. However, the start was actually quite surprising as bitcoin dipped below $58,000 on July 1 for the first time in nearly two years.
The bears quickly lost control, though, and the asset reclaimed the coveted $60,000 level within a day or two. It wasn’t the most volatile of months, but $BTC still managed to post some gains and peaked on July 21 at $67,000. This became its highest price tag in two months.
However, it was rejected there despite the softer-than-expected inflation data for June and the fact that the Fed refused to hike interest rates last week. Thus, bitcoin ended the month at under $64,000, which was still a 9% monthly increase.
Your Move, August
As popular analyst Ali Martinez put it yesterday: August hasn’t been kind to bitcoin. In fact, the last four have all been in the red, posting losses of 13.88%, 11.29%, 8.6%, and 6.49%, respectively. The silver lining is that the declines become less violent over time.
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The broader August perspective is still deeply negative, though. Only three out of the last 12 editions have been in the green, with 2017 standing out as the most bullish one on record. At the time, $BTC rocketed by over 65%, but it was a different time and a vastly different market phase.
For now, $BTC enters August 2026 with lots of uncertainty not only within the industry itself, where interest has dwindled lately, but on a macro perspective as well. The war in the Middle East continues, and the one between Ukraine and Russia too, while inflation remains an issue, and Trump’s controversial actions tend to halt each breakout attempt in its tracks.