Bitcoin’s January Blues a Post-Halving Tradition?

Analysts say a Bitcoin correction in the first month of a post-halving year is historically common.

Danielle du Toit
January 13, 2025

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Analysts say that a major Bitcoin correction in the first month of a year after a halving is historically common.

Bitcoin has a history full of January corrections in post-halving years, according to crypto analyst Axel Bitblaze.
Bitcoin’s price fell by 10% this month, falling from $102,300 on Jan. 7 to its current price close to $93,900.
In January 2021, Bitcoin dropped by over 25% before rallying 130% to a record $69,000 by November. In January of 2017, it fell 30% before surging 2,400% that same year.

On Jan. 12, Saylor posted the company’s now-familiar Bitcoin tracker chart for the 10th consecutive week.

MicroStrategy currently holds 447,470 BTC, which is valued at around $42.4 billion after its recent purchase of 1,070 BTC on Jan. 6.
MicroStrategy’s Sunday chart updates are very closely monitored by investors as potential indicators of upcoming Bitcoin purchases.
On the other hand, MicroStrategy’s stock dropped by approximately 40% from its all-time high of $543, which reflects the broader cryptocurrency market declines.

Singapore restricted domestic access to Polymarket as part of its national crackdown on unlicensed online gambling.

Singaporean users reported that they were unable to access Polymarket on Jan. 12, with the homepage displaying a notice from the Gaming Regulatory Authority (GRA) deeming the platform illegal.
The GRA warns that violators may face a $10,000 fine, six months in prison, or both, and directs users to Singapore Pools, which is the only licensed online gambling provider in the country.
The restriction seems to be part of a nationwide fight against unlicensed gambling, which resulted in more than 3,800 websites being blocked by Dec. 31 of 2024.

New York Attorney General Letitia James took legal action to recover more than $2 million in stolen crypto from work-from-home scams.

Scammers targeted New Yorkers with deceptive text messages offering remote work opportunities, and tricked victims into creating crypto accounts and depositing funds under false pretenses.
Victims were misled into believing that their deposits were used to "legitimize" product reviews on counterfeit websites, with promises of fund returns and commissions that never materialized.
New York Attorney General Letitia James, with the help of the US Secret Service, froze the stolen cryptocurrency to try and recover over $2 million for the victims.

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