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Bitcoin ETFs bring in over $6 billion in November after another $1 billion day Solana hits new $264 all-time high as DEX volume reaches $100 billion monthly milestone US Bitcoin ETFs surpass $100 billion, pose challenge to largest Bitcoin holders Bitcoin surges to $97k as market leverage hits historic $63 billion Memecoin revival drives Solana DEX Raydium past Tether in fees
Bitcoin establishes highest monthly returns since October 2021 Bitcoin establishes highest monthly returns since October 2021 James Van Straten · 2 years ago
Insights Bitcoin

Bitcoin establishes highest monthly returns since October 2021

The second-best January in Bitcoin history.

James Van Straten / @jvs_btc / Jan. 31, 2023 at 1:30 pm UTC

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)
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.

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Bitcoin ETFs bring in over $6 billion in November after another $1 billion day

Bitcoin ETFs bring in over $6 billion in November after another $1 billion day

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Solana hits new $264 all-time high as DEX volume reaches $100 billion monthly milestone

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In this insight

Bitcoin BTC (24h)
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Vol: $42.37B MCap: $1.93T

Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.

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