The STEEM closing price for January is in at $0.205473.
This is down for the month by roughly $0.07 or 26.59%. As a percentage, this was STEEM's worst performance since June, 2024, and overall it was the 22nd worst month out of 106 total.
Let's hope for a better February.😉
Here are the updated charts.
By percentage
And by value
Not pretty, at all. I had been somewhat hopeful that we'd see a strong month following what is allegedly a "crypto friendly" new administration here in the US... but I guess that was priced in at the time of the actual election, back in November...
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Exactly my thoughts. Also, behind the scenes, we've seen unusually high levels of powering down for a month or two. On one hand that's good because it frees up interest and rewards for other investors, but I guess there's a relatively high amount of selling pressure right now.
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