Market Analysis: Historical pricing data for BTC suggests crypto winter will likely worsen next month. So far this month, bitcoin investors have suffered an average 0.08% daily loss – lower than the 0.20% average for December. GWilliamsJr_CMT reports
Historic pricing data for BTC suggests crypto winter will likely worsen next month. So far this month, bitcoin investors have suffered an average 0.08% daily loss, which is far lower than the 0.20% historic average for the month.
Since 2014, bitcoin’s average daily returns have historically been the lowest in January. What’s made these dips less troublesome in past years is that December and February have traditionally been strong months for the largest cryptocurrency by market capitalization.Bitcoin has been hovering above $17,000 for the past two weeks, except for a two-day dip last week as investors mulled over the latest fallout from crypto exchange FTX’s collapse, and concerns about inflation.
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