January 2021 Crypto Market Report

by Cody on 2021-02-15 filed under Crypto Investing

Each month, we'll share a quick report for investors on the state of the crypto market. Unfortunately, we are getting to January 2021 a little bit late, but our goal is to publish this at month end going forward.

January 2021 was a strong month for cryptocurrencies. The price of Bitcoin increased 14.11% (from 29388.94 to 33535.94). The price of Ethereum increased a whopping 88.14%, from 730.60 to 1374.57. The portfolio blend recommneded in Best Cryptocurrency to Invest In 2021 increased 64.8%. We'll take it!

Now, what drove these price increases? We point to 3 trends that we're watching.

Disclosure: I/we have a long position on Bitcoin and Ethereum. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Big Time Crypto).

Additional disclosure: Disclaimer: I am not an investment advisor, and this article is not meant to be a recommendation of the purchase or sale of cryptocurrency. Investors are advised to review all documents and press releases to see if the cryptocurrency fits their own investment qualifications.