Hey everyone,
I like to keep a monthly overview of how bitcoin is doing. I know many of you may have stopped trading over the last year as we’ve had so many consecutive horrible months. Trading with a negative bias makes trading in crypto even harder than it normally already is. That is, considering you only go for long positions.
Starting in 2020, we’ve seen a fantastic month for bitcoin with an increase of 30.59%. On average altcoins gained 26.52% in value (when looking at their USD value). Also speaking from personal experience, trading over January was much easier than the previous months.
If you are considering getting back into crypto, this might be a great time. Make sure you keep an eye out on the market!
Here you can see the average performance of altcoins over the previous twelve months. As you can see January 2020 was the second best month and only the second positive month since April 2019!
Noticeable gainers this month were $DASH (+183.68%) , $XZC (+176.39%), $ETC (+151.83%), $ZEC (+143.14%), and $ICX (+130.21%). Biggest losers were $FTM (-15.25%), $DUSK (-16.33%), $COS (-18.00%), $COCOS (-18.38%), and $INS (-22.79%).
If you want to get more information over how January 2020 is doing compared to 2019 check out this in-depth analysis I wrote at https://www.100-eyes.com/blog/monthly_update/2020/01
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