{"id":546798,"date":"2023-02-02T12:49:33","date_gmt":"2023-02-02T09:49:33","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/bitcoin-paints-nasdaq-green-as-nci-index-marks-38-gain-in-january\/"},"modified":"2023-02-02T12:49:33","modified_gmt":"2023-02-02T09:49:33","slug":"bitcoin-paints-nasdaq-green-as-nci-index-marks-38-gain-in-january","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/bitcoin-paints-nasdaq-green-as-nci-index-marks-38-gain-in-january\/","title":{"rendered":"# Bitcoin paints Nasdaq green as NCI index marks 38% gain in January"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a41e3179ea2d\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a41e3179ea2d\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/bitcoin-paints-nasdaq-green-as-nci-index-marks-38-gain-in-january\/#%E2%80%9D_Bitcoin_paints_Nasdaq_green_as_NCI_index_marks_38_gain_in_January_%E2%80%9C\" >&#8221; Bitcoin paints Nasdaq green as NCI index marks 38% gain in January  &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Bitcoin_paints_Nasdaq_green_as_NCI_index_marks_38_gain_in_January_%E2%80%9C\"><\/span>&#8221; Bitcoin paints Nasdaq green as NCI index marks 38% gain in January  &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div class=\"post-content\" data-v-5a4050f8>Bitcoin\u2019s (BTC) 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 bullish, defying major bearish market outlooks. Bitcoin and a number of altcoins touched new multi-month highs as inflation cooled off.\u00a0<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2023-02\/002fad05-7fe9-4414-a00a-5eebb61e678a.png\"><figcaption style=\"text-align: center;\"><em>Nasdaq Crypto Index monthly price chart Source: Google<\/em><\/figcaption><\/figure>\n<p>The Nasdaq Crypto Index (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),\u00a0Bitcoin Cash (BCH), Litecoin (LTC), Chainlink (LINK), and Stellar (XLM), among a few others.<\/p>\n<p>BTC has the highest <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.nasdaq.com\/solutions\/crypto-index\">weightage <\/a>in the index, with 69.8%, followed by ETH (27.08%). The rest of the other altcoins have a weightage of less than 1%.\u00a0 Thus, the subsequent rise of BTC and ETH, which have surged over 35% in the past month, reflected on the index as well.\u00a0The index weightage refers to the share of stocks invested in a particular digital asset.<\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>Bitcoin bulls must reclaim these 2 levels as &#8216;death cross&#8217; still looms<\/em><\/strong><\/p>\n<p>With a prolonged crypto winter throughout 2022, Bitcoin ended the last year at around $16,500 and the majority of the altcoins also tested their yearly lows towards the end of the last year. Many market pundits had warned that the bearish sentiment might continue into the new year owing to the FTX saga folding out on a daily basis. However, the crypto market showed resilience and started the year on a bullish note and registering a market-wide double-digit gain for the past month.<\/p>\n<p>Federal Open Market Committee press briefing announced an interest rate hike of 25 basis points. The U.S. Federal Reserve Chair Jerome Powell suggested that inflation had begun to cool off in the world\u2019s largest economy. The Fed raise worked wonders for the crypto market, BTC price touched $24,000 briefly and the crypto market cap rose by 4%.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/bitcoin-paints-nasdaq-green-as-nci-index-marks-38-gain-in-january\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Bitcoin paints Nasdaq green as NCI index marks 38% gain in January &#8220; Bitcoin\u2019s (BTC) 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 bullish, defying major bearish market outlooks. Bitcoin and a number of altcoins touched&#8230;<\/p>\n","protected":false},"author":1,"featured_media":546799,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/s3.cointelegraph.com\/uploads\/2023-02\/99472cee-ceee-46d5-ac21-f77d45d42361.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74867,74862,74863,75849,72332,70359],"class_list":["post-546798","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-altcoin","tag-bitcoin","tag-cryptocurrencies","tag-etf","tag-nasdaq","tag-stocks"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/546798","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=546798"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/546798\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/546799"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=546798"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=546798"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=546798"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}