Mid-Month January Report: Time for Moon, or a Bit Too Soon?
What a whirlwind beginning to 2023. Throughout the previous year, it has felt like every "dip buy opportunity" turned out to be just more bait for traders to buy magic beans. But finally, the patience of steady hodlers (and especially recent buyers) has paid off.
Following a brutal 2022 where headlines ranged from "FTX Implosion..." to "Recession Looms..." to "Covid Cases Spiking...", crypto was not immune to the massive corrections that other world markets faced.
But looking at the past 30 days, these kinds of green bars in such a short period of time are almost foreign to the trading community:
Bitcoin surged +26%, and Ethereum a cool +31%. But altcoin parties are really what have been breaking out since right around December 30th. Among the top market cap assets, we see three assets that have more than doubled their
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