In a sign of the changing market sentiments, the Nasdaq Crypto Index (NCI) booked monthly returns of 37.2% in January — the third-highest monthly return since NCI’s inception in May 2020.

The crypto market has been shrugging off the bearish sentiment over the past month, as the Bitcoin Fear and Greed Index moved from fear to greed after 10 months.

The price of Bitcoin (BTC) saw its best month since October 2021 as it increased 39.4% last month — the largest cryptocurrency saw its best January since 2013.

(By Monika Ghosh)