Bitcoin

Bitcoin establishes highest monthly returns since October 2021

02/01/2023
Bitcoin Ethereum News

Quick Take

  • Bitcoin (BTC) established its highest monthly returns since October 2021 and its second-best January in history.
  • BTC monthly returns for January currently stand at 38.07% as of press time — a rise only exceeded in January 2013 at a monthly returns rate of 44.05%.
  • As BTC price sentiment shifts to bullish, speculation as to whether we are amid the longest BTC bear market is starting to fade.
  • BTC closed four consecutive weekly green candles for the first time since August 2021.
Bitcoin monthly returns - (Source: Coinglass)
Bitcoin monthly returns – (Source: Coinglass)
Bitcoin monthly returns: (Source: Glassnode)
Bitcoin monthly returns: (Source: Glassnode)

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