January is considered a controversial month for the first cryptocurrency, as the asset has shown different dynamics over the years.
Since the beginning of 2022, bitcoin has been trading in the range of $ 42.7-48 thousand. On January 7, the price of a cryptocurrency is $ 42.8 thousand. Over day it has fallen in price by almost 3%, and its capitalization has decreased to $ 811 billion, according to CoinGecko. Let’s figure out what dynamics bitcoin has shown at the beginning of the last five years.
2021
At the end of January last year, bitcoin has risen in price by more than 14%. Then its value exceeded $ 40 thousand, and the capitalization reached $ 750 billion. In the next two months, the cryptocurrency continued to grow rapidly. In February, its rate increased by 37%, and in March by 30%.
2020
In January 2020, bitcoin has risen in price by 30%. Two years ago, the price of Bitcoin exceeded $ 9 thousand, and the capitalization reached $ 173 billion. In the next two months, the value of the cryptocurrency decreased. In February, BTC fell by almost 9%, and in March – by 25%.
2019
In January 2019, bitcoin fell by almost 9%. Then its value dropped to $ 3.5 thousand, and capitalization dropped to $ 60 billion. Despite the fall in the price of cryptocurrency in January, in the next five months the asset showed positive dynamics. BTC price rose in February (11%), March (7%), April (34%), May (52%) and June (27%).
2018
In the first month of 2018, bitcoin fell by more than 25%. Then its price dropped to $ 10 thousand, and capitalization fell to $ 168 billion. This happened after the asset set a maximum value above $ 20 thousand in December 2017. In February, the price of the cryptocurrency practically did not change, and in March its price continued to fall (33 %).
2017
In January 2017, the price of bitcoin for the first time exceeded $ 1,000. Then the capitalization of the BTC reached $ 18 billion. However, at the end of the month, the value of the asset remained practically unchanged (a drop of 0.04%). Already in February, the cost of bitcoin increased by 23%, but in March it corrected by 9%.
