CryptoPotato
CryptoPotato
  • Crypto News
  • Margin Trading
  • Guides
    • Bitcoin & Crypto Guides 101
    • Bitcoin For Beginners
    • Editorials
  • DeFi & NFT
  • Buy
  • Language
  • Crypto News
  • Bitcoin For Beginners
  • Cryptocurrency Guides 101
  • Editorials
  • Bitcoin & Crypto Margin Trading
  • DeFi & NFT News
  • Bitcoin Price Analysis
  • CryptoPotato Crypto Fund
  • Ethereum (ETH) Price Analysis
  • Ripple (XRP) Price Analysis
  • Market Updates
  • Interviews
  • Buy Bitcoin with Card
  • bitcoin
    BTC$21,084.00
  • ethereum
    ETH$1,631.57
    • Market Updates
    • BTC Analysis
    • ETH Analysis
    • XRP Analysis
    • Interviews
    • Opinions
    CryptoPotato
    CryptoPotato
    • Crypto News
    • Margin Trading
    • Guides
      • Bitcoin & Crypto Guides 101
      • Bitcoin For Beginners
      • Editorials
    • DeFi & NFT
    • Buy
    • Language
    • Crypto News
    • Bitcoin For Beginners
    • Cryptocurrency Guides 101
    • Editorials
    • Bitcoin & Crypto Margin Trading
    • DeFi & NFT News
    • Bitcoin Price Analysis
    • CryptoPotato Crypto Fund
    • Ethereum (ETH) Price Analysis
    • Ripple (XRP) Price Analysis
    • Market Updates
    • Interviews
    • Buy Bitcoin with Card
    Home » Crypto News » Bitcoin Concluded January With a 17% Price Drop: The Third-Worst January in History

    Bitcoin Concluded January With a 17% Price Drop: The Third-Worst January in History

    Author: Jordan Lyanchev

    Last Updated Feb 1, 2022 @ 15:15

    January 2022 turned out to be a highly negative month for bitcoin’s price movements, will February be any better?

    History shows that January tends to be a rather negative month for bitcoin in terms of price performance. The 2022 edition didn’t go well either, as it became the third-worst January in the past decade with a near 17% decline.

    January 2022 Ended With Substantial Retracement

    Ever since the middle of November, when the entire crypto landscape seemed highly bullish riding the waves of the first-ever Bitcoin futures ETF launching in the US, the market has been in a knockdown state.

    BTC, for example, tapped an all-time high at the time of $69,000 after recovering from the mid-2021 slumps. Yet, as the hype around the SEC’s approval started to disperse, the asset began tanking.

    Thus, it ended the year more than $20,000 lower than its peak a month and a half ago and couldn’t live up to all the bullish predictions from crypto insiders and outsiders that forecasted a $100,000 price tag.

    January didn’t start well. Bitcoin dropped by a few thousand dollars and stood below $45,000 for a few weeks before it headed straight down in the middle of the month. It plummeted by more than $10,000 in less than a week and bottomed below $33,000, becoming the lowest price point since late July.

    ADVERTISEMENT

    Although the asset recovered about $5,000 in the following week, it still ended January with a steep 16.68% decline, according to data from Coinglass. Only in January 2015 and 2018, the cryptocurrency had registered more substantial price losses, with 33.05% and 25.41%, respectively.

    Bitcoin Price Performance by Month. Source: Coinglass
    Bitcoin Price Performance by Month. Source: Coinglass

    Will February Be Any Better?

    As the graph above demonstrates, January is typically a bloody month for bitcoin, with a few exceptions. February, on the other hand, is significantly more positive, which got the community going.

    And the start of the month is heading in that direction, as bitcoin tapped $39,000 for the first time in ten days. Although it was initially rejected violently, it went back on the offensive and currently sits around that level once again.

    History shows that February 2013 was the most successful second month of the year for BTC as it skyrocketed by over 60%. Last year was also impressive, with BTC adding more than 35% during those 28 days.

    SPECIAL OFFER (Sponsored)
    Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms).

    PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to receive up to $7,000 on your deposits.

    You Might Also Like:

    • Over $700 Million Liquidated in a Day as Bitcoin Price Dipped Below $63K
    • BitcoinRed
      Bitcoin Plunges Below $43K As Wall Street Tumbles
    • bitcoin_run_cover
      Bitcoin Price Taps $44K as Inflation Comes in at 7% for December
    Tags: Bitcoin Bitcoin (BTC) Price
    Enjoy reading? Share with your friends
    Facebook Twitter LinkedIn Telegram

    About The Author

    Jordan Lyanchev
    More posts by this author

    Jordan got into crypto in 2016 by trading and investing. He began writing about blockchain technology in 2017. He has managed numerous crypto-related projects and is passionate about all things blockchain. Contact Jordan: LinkedIn

  • bitcoin
    BTC$21,084.00
  • ethereum
    ETH$1,631.57
  • Join Our Community

    FacebookTwitter YouTubeTelegram


    Editorials
    Binance BNB Burn Explained: How Much is Burnt and When?

    Binance BNB Burn Explained: How Much is Burnt and When?

    Will New Tokens be Airdropped to ETH Holders After Ethereum’s Hard Fork?

    Will New Tokens be Airdropped to ETH Holders After Ethereum’s Hard Fork?

    Cardano’s Vasil Hard Fork Explained: What to Expect from the Major Upgrade?

    Cardano’s Vasil Hard Fork Explained: What to Expect from the Major Upgrade?

    Users in Web3 Will Do a lot More Than Just Trade Crypto: Cronos’ Ken Timsit (Interview)

    Users in Web3 Will Do a lot More Than Just Trade Crypto: Cronos’ Ken Timsit (Interview)

    Institutions Are Starting to Buy Back: Interview with Nansen

    Institutions Are Starting to Buy Back: Interview with Nansen

    Top 5 Most Common Scams Related to Ethereum 2.0

    Top 5 Most Common Scams Related to Ethereum 2.0

    What is the Merge? What You Need to Know About the Transition to Ethereum 2.0

    What is the Merge? What You Need to Know About the Transition to Ethereum 2.0

    Join Our Newsletter
    Become a CryptoPotato VIP
    One Weekly Email Can Change Your Crypto Life.
    Sign-up FREE to receive our extended weekly market update and coin analysis report
    We NEVER send spam. You can unsubscribe at any time.
    Invalid email address
    Thanks for subscribing!
    Footer Logo
    About
    Advertise on CryptoPotato
    About Us | Contact Us | Careers
    Editorial Policy
    Terms of service | Privacy Policy | GDPR
    More Sections
    IEO List | Evaluations
    Airdrops
    Scholarship
    Disclaimer
    Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. Full disclaimer
    © Copyright CryptoPotato 2016 - 2021
    Scroll to top
    One Weekly Email Can Change Your Crypto Life.

    Sign-up FREE to receive our extended weekly market update and coin analysis report

    We never send SPAM. You can unsubscribe at any moment
    Invalid email address
    Thanks for subscribing!