Data: Bitcoin's January increase of 11% may become the second best-performing month in nearly 10 months

according to Coindesk citing Coinglass data, Bitcoin (BTC) recorded an 11% increase in January this year, making it the second-best performing month in the past 10 months, tied with May 2024. This is only surpassed by the 37% increase in Bitcoin's price after Trump's victory in the U.S. election in November 2024.

Historically, February has been a good month for Bitcoin, with an average increase of 16% across the years, experiencing declines only twice in 2014 and 2020. March is also a seasonal bull market month for Bitcoin, with an average increase of over 13% across the years.