Market updates
Bitcoin January Slump Nothing New in ‘Post-halving Years’
Beginner
2025-01-13 | 5m
Bitcoin has fallen 10% so far this month, but analysts say it has dropped between 25% and 30% in January in past post-halving markets.
A major Bitcoin correction in the first month of a year after the blockchain sees a halving is historically not unusual, according to analysts who have compared previous cycles. “Bitcoin dumping in January has historically been a common occurrence in post-halving years,” crypto analyst Axel Bitblaze
told his 123,000 X followers on Jan. 12. “We all know what happened after the 2017 and 2021 dumps.”
Bitcoin has lost 10% so far this month in a fall from its high of $102,300 on Jan. 7 to just below $92,000 before recovering slightly to now hover around $94,000. In January 2021, the next most recent post-halving year, Bitcoin fell more than 25% from over $40,000 to just above $30,000 by the end of the month. It then skyrocketed 130% to a new all-time high of $69,000 by November. In January 2017, the year after the 2016 halving, Bitcoin slumped 30%, falling from $1,130 to $784. It then surged 2,400% that year, culminating in an all-time high of $20,000 by December.
Source:
CoinTelegraph
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