Crypto struggles to shake off October blues while commodities steal the show
Commodities surge as crypto stagnates
As we approach the final trading days of January, Bitcoin and Ethereum are poised to end a three-month losing streak.
Bitcoin has climbed approximately 1.8% month-to-date (MoM), trading just above $89,000, while Ethereum is up 1.34%, hovering around $3000. While these modest gains mark a welcome shift, the subdued nature of the rebound underscores the ongoing malaise plaguing the sector since the crash in October.
In stark contrast, energy and metals have ignited the new year with explosive returns reminiscent of crypto’s past glory days. Natural gas has surged an eye-watering 87.58%, silver is up 60.38%, platinum has jumped 31.2%, heating oil is 27.8% higher, and gold has gained…
