We mentioned this many times already – February was nothing but bad for crypto. The BTC price lost around 20% of its value while Ethereum lost over 30%. A lot of altcoins are down up to 50-60%.
So, what comes next? We are heading into March and eager to find out how will Bitcoin price and crypto perform.
What you'll learn 👉
Bitcoin’s March Performance: A Historical Perspective
Bitcoin has seen both huge rallies and painful crashes during March. Looking back at what happened in previous years might give us some clues about what’s coming.
March has been a month of big swings for Bitcoin. Some years brought massive gains, while others saw prices tumble further after tough February performances. Also, it’s worth pointing out that Bitcoin closed March in the green 5 out of the last 6 years. This surprisingly consistent pattern goes against what many might expect after tough February performances.
| BTC March Performance | Open Price | Closing Price | Percentage Change |
| March 2011: | $0.79 | $0.79 | 0% |
| March 2012: | $5 | $5 | 0% |
| March 2013: | $34 | $93 | +173.5% |
| March 2014: | $561 | $458 | -18.4% |
| March 2015: | $255 | $244 | -4.3% |
| March 2016: | $432 | $415 | -3.9% |
| March 2017: | $1,190 | $1,069 | -10.2% |
| March 2018: | $10,585 | $6,928 | -34.5% |
| March 2019: | $3,809 | $4,103 | +7.7% |
| March 2020: | $8,600 | $6,400 | -25.6% |
| March 2021: | $45,000 | $58,918 | +30.9% |
| March 2022: | $43,193 | $45,538 | +5.4% |
| March 2023: | $23,144 | $28,478 | +23.0% |
| March 2024: | $61,168.06 | $71,333.65 | +16.6% |
Best and Worst March Performances
The best March in Bitcoin’s history came in 2013 when the cryptocurrency was still in its early adoption phase. During that month, Bitcoin surged from $34 to $93, resulting in a massive 173.5% gain. This remarkable performance happened when crypto was still highly speculative, and general interest in digital currencies was rapidly growing among tech enthusiasts and early adopters.
On the flip side, March 2018 stands as the worst performance for Bitcoin during this month. Following the historic bull run of late 2017, when Bitcoin nearly reached $20,000, the price fell dramatically from $10,585 to $6,928 in March 2018, marking a 34.5% decline. This drop came as the initial hype wore off, regulatory concerns intensified, and many speculative investors exited the market.
Read also: We Asked AI to Predict Bitcoin (BTC) Price For March
Bitcoin’s March Performance Following U.S. Election Years
Bitcoin’s behavior in March following presidential elections shows some interesting patterns, though the sample size remains small due to Bitcoin’s relatively short history:
March 2013 (after Obama’s 2012 re-election): Bitcoin experienced its best March ever with a 173.5% increase. This came as Bitcoin was gaining its first mainstream attention and before most people had even heard of cryptocurrency.
March 2017 (after Trump’s 2016 election): Bitcoin saw a 10.2% decline. Interestingly, this cooling-off period came just before Bitcoin entered one of its strongest bull markets later that year.
March 2021 (after Biden’s 2020 election): Bitcoin enjoyed a strong 30.9% increase as institutions increasingly embraced cryptocurrency assets and the overall market sentiment was highly bullish.
March 2025 (upcoming, after the 2024 election): This will be interesting to watch given the historical volatility in post-election years.
2025 saw the harshest February the crypto market has ever experienced! 📉
— Spot On Chain (@spotonchain) March 1, 2025
• $BTC dropped 🔻17.39%, its worst February in the past decade.
• $ETH plunged 🔻31.95%, marking its worst February on record.
Historically, a negative February has often led to a weak March. Any… pic.twitter.com/0FEDrIYFOw
Overall, Bitcoin has shown mixed performance in March following U.S. elections, with gains in 2013 and 2021, while 2017 experienced a modest decline. Historically, a negative February has often preceded a weak March performance for Bitcoin. The question remains: will we see a rebound this March, or will history repeat itself with continued downward pressure? Only time will tell.
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