Cryptocurrency

Bitcoin establishes highest monthly returns since October 2021

quick take

  • Bitcoin (BTC) posted its highest monthly return since October 2021 and the second-highest January ever.
  • BTC’s monthly return in January is currently 38.07%, and the monthly rate of return in January 2013 was 44.05%.
  • As BTC price sentiment shifts to bullish, speculation about whether BTC’s bear market will last the longest is starting to fade.
  • BTC closed four weekly green candlesticks four times in a row for the first time since August 2021.
Bitcoin Monthly Return – (Source: Coinglass)
Bitcoin monthly return: (Source: Glassnode)
Bitcoin monthly return: (Source: Glassnode)

The post that Bitcoin establishes its highest monthly return since October 2021 first appeared on CryptoSlate.

Related Articles

Back to top button