The world’s leading cryptocurrency Bitcoin continues to grow: January 2023 seems to be the best since 2013. There are forecasts that the tightening of monetary policy is coming to an end, and the crisis in the crypto sector is easing,
The largest token has gained more than 40% since the beginning of the year. January 21 Bitcoin for the first time since August 2022
stepped over the mark of $ 23 thousand. Then the main cryptocurrency rose by 10% in a day, and other tokens went up with it.
CoinGecko data confirms the overall $280 billion growth trend in digital assets, with smaller virtual currencies like Solana, Axie Infinity and Decentral doubling in value.
Noel Acheson, author of the Crypto Is Macro Now newsletter, called January “a month of new beginnings, with clarity on bankruptcy filings, corporate restructuring and market fundamentals indicating the bottom is behind us.”
But the risk remains that hopes for easing market conditions and Fed rates will not come true. And naysayers like the strategists at Bank of America Corp. led by Michael Hartnett, doubt that the recovery in crypto and tech stocks will last long.
During January 30, bitcoin
decreased by 1.89% and cost just over $23.2 thousand. This is the best month since December 2020. Ether has stabilized around $1,585.