Bitcoin Experiences January Decline Amid Geopolitical and Economic Factors

Bitcoin briefly fell below $87,000 early on January 26, erasing gains made earlier in the month. According to BlockBeats, the cryptocurrency's return rate for January stands at -0.5%. On January 14, Bitcoin had surged past $97,000, marking a decline of approximately 10.9% from its monthly peak. The downturn is attributed to several factors, including geopolitical risks, the diminished appeal of Bitcoin as a safe haven asset, the Federal Reserve's slower pace of interest rate cuts, institutional ETF outflows, and market deleveraging. Historical data reveals that since 2013, Bitcoin's average return rate for January is +3.81%, with a median return rate of +0.62%. Over the past 13 years, Bitcoin has seen gains in January seven times and declines six times.