Bitcoin’s (BTC) rally continued throughout January, putting the largest cryptocurrency by market capitalization on pace for an 11% gain in the month.
January is looking like it will be the second-best performing month for Bitcoin (BTC) in the past 10 months.
In November 2024, Bitcoin’s price rose 37% after Donald Trump was re-elected U.S. president.
The gains this January have been more than double the historic average for the month. January typically sees Bitcoin’s price rise about 4%.
This January has been particularly eventful with President Trump returning to power and enacting several pro-crypto policies.
Looking ahead, February has historically been an even stronger month for crypto, with Bitcoin, on average, registering a 16% gain in the month.
Currently, Bitcoin is trading at $104,500 U.S., having risen 146% over the past 12 months.
