The total market value of the current cryptocurrency market is $1.90 billion, and Bitcoin (BTC) has risen by nearly 40% in 30 days, almost breaking the record for the best month in 10 years.
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(background supplement:Goldman Sachs: Bitcoin is the asset with the highest return in 2023! ）
existDuring the Lunar New Year holiday, Bitcoin’s performance can be described as “rabbit” by leaps and bounds. The quotation before the deadline was $23,214, a strong increase of about 40% from the $1,6655 at the end of last year. It is about to break through the best month for Bitcoin in 10 years.
Prices are on track to match January 2013 performance
Price according to CoinGeckodataBitcoin rose from $16,500 to above $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 upswing in 10 years.
Miners took the opportunity to sell, and the mining difficulty was expected to be high
For bitcoin miners, January is also a good time to take the opportunity to recover funds, according to blockchain analysis Glassnode datathe ratio of the daily income of BTC miners to the annual average shows that compared with the beginning of January, the income of miners has increased by 254%, showing that the financial pressure on miners in the previous bear market is further released.
As for the computing power part, according to CoinWarz datashowthe current BTC network hash rate (hashrate) is 320.39 EH/s. In the past week, the entire network hash rate has remained above the level of 275 EH/s, which means that the proportion of miners returning to their nests has increased, and they are chasing mining and selling at a price.
Affected by this, when Bitcoin adjusted the mining difficulty at 14:00 this afternoon, it exceeded the expected 39.15T (+4.14%) and reached a record high of 39.35T (+4.68%).
