Insights

Bitcoin establishes highest monthly returns since October 2021

exchange68September 13, 2024

0 0 1 minute read

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)

Analyst

James Van Straten

Former Lead Analyst at CryptoSlate

James fervently appreciates data, technology, and trend-spotting. As a tech and liberty maximalist, he hails Bitcoin as the 21st century’s paramount invention.

Disclaimer: Our writers’ opinions are solely their own and do not reflect the opinion of CryptoSlate. None of the information you read on CryptoSlate should be taken as investment advice, nor does CryptoSlate endorse any project that may be mentioned or linked to in this article. Buying and trading cryptocurrencies should be considered a high-risk activity. Please do your own due diligence before taking any action related to content within this article. Finally, CryptoSlate takes no responsibility should you lose money trading cryptocurrencies.