BTC finished January as its best month since October 2021.
Despite the highly bearish 2022 and the negative predictions for the new year, bitcoin prove all the critics wrong in January, increasing its USD value by almost 40%.2022 turned out to be one of the worst years for bitcoin in terms of price action as the entire industry deteriorated amid massive collapses. It all started with the Terra ecosystemThe sector was finally starting to recover at the end of the year whenin an even more spectacular fashion.
Focusing back on bitcoin, it plummeted below $16,000 for the first time in about two years. Just for reference, it traded above $46,000 on January 1, 2022. As such, it finished last year with a drop of 65%, even though it added around a grand by the end of it.The first week of the new year was somewhat similar, with BTC standing quiet below $17,000. However, the asset finally broke above that coveted line on January 9 and has never looked back since.
This has made it the best-performing January since 2013, when it skyrocketed by 44%. Overall, this past January was the best month for BTC
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