January May Mark Bitcoin's Second-Strongest Month in Recent Times
Crypto/Finance

January May Mark Bitcoin's Second-Strongest Month in Recent Times

Bitcoin is on track for a significant increase this January, potentially becoming its second-best month over the past ten.

Overview

Bitcoin is poised to register another double-digit gain this January, potentially marking it as the second-best performing month over the last ten. Historically, the months of February and March are known for their bullish trends, making Q1 a strong quarter for Bitcoin.

Key Points

  • January is currently tied for the second-best performance for Bitcoin, only behind the substantial increase seen in November 2024, which was influenced by President Trump’s election.
  • January has often delivered an average gain of about 4%, with five of the last six Januarys recording positive outcomes.
  • As we move forward, February historically shows an average gain of 16% for Bitcoin, making it the third best performing month.

This year, January has been notable due to the inauguration of President Trump, who has implemented several crypto-friendly policies. Looking ahead, March also promises to be favorable, typically seeing an uptick exceeding 13%.

Next article

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