RATE Group | Bitcoin (BTC) price logs best January performance since 2013
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Bitcoin (BTC) price logs best January performance since 2013

03 Feb Bitcoin (BTC) price logs best January performance since 2013

Posted at 13:43h in Cryptocurrency News by

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A photo illustration of the digital Cryptocurrency, Bitcoin, is seen on September 13 2018 in Hong Kong, Hong Kong. 

Yu Chun Christopher Wong | S3studio | Getty Images

Bitcoin logged its best performance for the month of January since 2013 driven by safe-haven buying as global equity markets remain shaky following the outbreak of the coronavirus from China.

The cryptocurrency was up over 29% in January as the market capitalization or value of all bitcoin in circulation rose by $39.7 billion. The percentage gain was the best since January 2013 when bitcoin was up 54% for the month.

Industry experts said a number of factors including the coronavirus and a return to work after the Lunar New Year holidays in Asia helped prop up bitcoin’s price.

The coronavirus, which originated from Wuhan, China, has spread to other areas of the world. More than 360 people have died in China from the virus. Some airlines have ceased flights to China, companies have halted operations for longer than usual…

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