Belen San Jose, CEO of Pecunia256, shared her monthly comment on the digital market on the Linkedin social network. In this case, in its publication, it brought together a series of positive elements that were seen in the digital market during the month of January.
This first month of the year meant a good start for the crypto environment, after going through a dark time for cryptocurrencies, more than a third of what was at the beginning of the month was earned. Although it is not yet the time to declare an upward trend, the month of January managed to recover the spirit within the ecosystem that had been lost at the end of 2022.
The returns within the market closed at good levels in January, according to the data, +20% in the first ten of the table. Bitcoin managed to accumulate around +40%, thus getting closer and closer to USD 25,000. Solana experienced a revaluation with +140% after being totally affected by its relationship with FTX.
“You have to keep in mind that in February the same intensity of climb will be difficult, so let’s enjoy them now that we have them.” Belen expressed in her comment.
For Belen San Jose, the reason for this markedly bullish behavior is not entirely clear, since “analysts have been justifying market falls for months to the publication of macroeconomic data such as inflation or the FOMC meetings.” Belen commented.
However, in all of January there was no publication relevant enough to have an impact on the market so that it could be promoted as it has done up to now.. This aspect leads the CEO of Pecunia256 to argue that, “the drivers” of this digital market they are not 100% aware despite the fact that they try to show that they are the same as in traditional markets.
“We would like to have a guide, but at the moment, this is not the case. The digital market is immature and it has to show us its behavior little by little” the CEO stated.
The event that stood out the most during the month of January occurred 15 days after the start of the year when the whales bought more than 200,000 BTCwhich directly affected the rise in prices as well as the change in market trend.
Currently the interest is in knowing what influences and/or drives large investors to be able to be one step ahead of the market in a certain way. What is completely clear is that they are not the drivers of traditional markets.
“At the moment, passive management is the only thing that replicates market movements and leading positions in my portfolio in real time. It is the smartest way to get exposure to the digital market.”
The information and/or opinions expressed in this article do not necessarily represent the views or editorial line of Cointelegraph. The information presented here should not be taken as financial advice or investment recommendation. All investment and commercial movement involve risks and it is the responsibility of each person to do their due research before making an investment decision.
It may interest you:
Investments in crypto assets are not regulated. They may not be suitable for retail investors and the entire amount invested may be lost. The services or products offered are not directed or accessible to investors in Spain.