Bitcoin has risen 7% to 36% in the first week of January each year since 2018

Bitcoin has risen 7% to 36% in the first week of January each year since 2018


Some crypto market analysts are highlighting the potential for a green first week on the crypto markets in January as part of what economist and trader Alex Krüger calls the “first week of the year effect.”

Krüger pointed out in a Dec. 29 tweet that for the past four years straight, Bitcoin (BTC) has enjoyed positive returns in the first week of January ranging from 7% to 36% between 2018 and 2021.

In 2021, BTC grew from $28,653 to $41,441 in the first week of Jan.

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When asked what had happened in previous years, Krüger replied, “tbf only 2020 and 2021 matter, different markets, so do with those two data points as you will”.

Still expect a strong crypto up market in early Jan driven by fund

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