Bitcoin paints Nasdaq green as NCI index marks 38% gain in January
The bullish rise of Bitcoin and other altcoins in January helped the Nasdaq Crypto Index to register its third-highest monthly gain. Bitcoin’s bullish surge in January has helped the Nasdaq Crypto Index to register its third-highest monthly gain, with a 38% surge. The cryptocurrency market started the year on a bullish note, defying major bearish market outlooks. Bitcoin (BTC) and a number of altcoins touched new multi-month highs as inflation cooled off. Nasdaq Crypto Index monthly price chart Source: Google NCI recorded its third-biggest monthly gain since its inception in February 2021. The crypto asset index was launched by Brazilian asset manager Hashdex in partnership with the United States stock exchange. The index consists of eight cryptocurrencies: Bitcoin, Ether (ETH), Bitcoin Cash (BCH), Litecoin (LTC), Chainlink's LINK, and Stellar's Lumen (XLM), among a few others. BTC has the highest weightage in the index , with 69.8%, followed by ETH (27.08%). The rest of t...