As it stands, January is tied as the second-best performing month for bitcoin (BTC) in the past ten months, surpassed only by November 2024, which saw a 37% surge in price after President Trump’s victory in the U.S. election.
It shares second-place with May 2024, both recording an 11% gain, according to Coinglass data.
On average, January sees around a 4% gain and has been historically one of the best performing months in past years, with five of the past six January’s registering a green month.
This January has been eventful with President Donald Trump taking office and pushing out many pro-crypto policies.
Looking ahead, February has historically been the third best performing month for bitcoin, registering an average of 16%. Only two times in February has it seen a red month: 2014 and 2020, Coinglass data shows.
Even looking slightly further ahead, March is also a seasonally bullish month for bitcoin, up over 13% on average. As a result, Q1 is historically the second-best quarter for bitcoin, up 53%, just behind Q4’s 85% gain, according to Coinglass.
Read MoreCoinDesk: Bitcoin, Ethereum, Crypto News and Price Data[#item_full_content]
