Bitcoin establishes highest monthly returns since October 2021

Quick Take

• Bitcoin(BTC) established its highest monthly returns since October 2021 and its second-best January in history.
• BTC monthly returns for January currently stand at 38.07% as of press time — a rise only exceeded in January 2013 at a monthly returns rate of 44.05%.
• As BTC price sentiment shifts to bullish, speculation as to whether we are amid the longest BTC bear market are starting to fade.
• BTC closed four consecutive weekly green candles for the first time since August 2021.

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