As investors look ahead to 2025, historical market data suggests January could be a strong month for Bitcoin and the cryptocurrency market in general.
 Illustration: |
Bitcoin ended 2024 down nearly 5% in December, even as MicroStrategy continued to buy aggressively.
However, as investors look ahead to 2025, historical market data suggests January could be a strong month for Bitcoin and the cryptocurrency market in general.
Bitcoin is typically very strong in the first quarter, according to data compiled by Coinglass.
However, Bitcoin wasn’t the only asset to end the year on a somewhat sour note.
Bitcoin even dropped about 15% during this same period.
However, according to Fundstrat expert Tom Lee, the weakness of the stock market at the end of the year does not necessarily mean a gloomy start to next year.
In particular, in years when the market weakens in December, the following January is often a recovery month.
Just 18% of NYSE stocks rose last week, the lowest for the last three days of the year in 65 years.
Mr. Lee also pointed out that history since 1962 shows that years where only a handful of stocks on the stock market increased in value at the end of the year and the years that followed often tended to do quite well.
In this case, weakness at the end of 2024 could herald a new year of prosperity for the stock market.
Perhaps that is why MicroStrategy continues to “fish for the bottom” of Bitcoin.million US dollarsbitcoin, bringing total reserves to 446,400 bitcoin, or nearly 42billion dollars./.
– 13:19 December 31, 2024
