The total market value of the current cryptocurrency market is US$1.90 billion, and Bitcoin (BTC) has risen almost 40% in 30 days, almost breaking the record for the best month in 10 years.
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existDuring the Lunar New Year holidays, Bitcoin’s performance can be described as a “rabbit” by leaps and bounds. The quote before the deadline was $23,214, a strong increase of about 40% from the $1,6655 at the end of last year, and it is about to break through the best month for Bitcoin in 10 years.
Prices are on track to match January 2013 performance
According to CoinGecko price data, Bitcoin rose from $16,500 to more than $23,000 in less than four weeks, creating the best return on global assets in 2023.
Back in history, 10 years ago in January 2013, Bitcoin returned 44% in one month. If bitcoin rises to around $23,500 by February 7, it will create its best 30-day gain in 10 years.
The miners took advantage of the opportunity to sell, and the difficulty of mining was expected to be high
For Bitcoin miners, January this year is also a good time to seize the opportunity to recover money. According to Glassnode’s data blockchain analysis, the ratio of BTC miners’ daily income to the annual average shows, compared to the beginning of January , the miners income has increased, 254%, which shows that the financial pressure on miners in the previous bear market is further eased.
Regarding the hash rate, according to CoinWarz data, the current hash rate of the BTC network is 320.39 EH / s, and the hash rate of the entire network has remained above 275 EH / s in the past week, which means that a share the miners return to the nest and start business has increased , Take advantage of the price to pursue mining and selling.
Affected by this, when Bitcoin adjusted the mining difficulty at 14:00 this afternoon, it exceeded the expected 39.15T (+4.14%) and reached an all-time high of 39.35T (+4.68%).
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