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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