Crypto Market Update - January 2021

Published on: February 1, 2021
2 months ago - 3 mins read

Not #altseason but #pumpseason?!

January 2021 has come to an end and like each month the 100eyes team analyses what happened to Bitcoin and the altcoin market. First of all, Bitcoin gained 13.3%. January was the fourth consecutive month Bitcoin increased in value, even though Bitcoin dropped 19% since its ATH (which is $41,950 while this was written).

Altcoins performed pretty well across the board, but we observed some massive random pumps that massively increased the average performance of altcoins. In January altcoins gained 62.6% in dollar value on average.

In the following chart you can see how January compared to the last twelve months of altcoin performance.

The top 5 performers in January were $BQX (+1724.73%), $FTM (+615.64%), $FUN (+412.88%), $CRV (+278.15%), and $NANO (+234.20%). Biggest losers were $THETA (-0.84%), $SKY (-4.27%), $MITH (-7.94%), $XMR (-12.61%), and $ZIL (-16.23%).

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