The price of cryptocurrencies has been down the last three years in January. What is the reason for this regular dip?
No one really knows. But we can all love to speculate:)
My guess is just tax manipulations, and also with a ton of money being pulled out during the holidays definitely has some residual effect on the month of Jan.
Think about your own financial situation. Is Jan ever a massive spending month for anyone in the real world? Hell no! Everyone's pockets are suffering from the massive spending that just took place between Nov and Dec.