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Bitcoin (BTC) Shows Promise for Fifth Straight Profitable Month in January

Bitcoin enthusiasts have reason to cheer as the popular cryptocurrency sets its sights on what could be its fifth straight month of profitability in January 2024, fueled by its impressive price history. According to data from , Bitcoin has maintained an average return of 10.5% since 2011, with a median return of 9.93%. Analyzing the past 13 years, has encountered negative price movements only five times in the first month, while the remaining instances closed in the green. Notably, the last negative January was in 2022, witnessing a 16.9% month-on-month decline. In contrast, January 2023 emerged as one of Bitcoin's most successful months, experiencing nearly 40% growth — second only to the early days of 2013. 

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