Nasdaq Crypto Index rose 37.2% in January – amid bullish market sentiment

In a motion of the changing marketplace sentiments, the Nasdaq Crypto Index (NCI) booked monthly returns of 37.2% successful January — the third-highest monthly instrumentality since NCI’s inception successful May 2020.

The crypto marketplace has been shrugging disconnected the bearish sentiment implicit the past month, arsenic the Bitcoin Fear and Greed Index moved from fearfulness to greed aft 10 months.

The terms of Bitcoin (BTC) saw its champion period since October 2021 arsenic it accrued 39.4% past period — the largest cryptocurrency saw its champion January since 2013.

NCI, which was developed by Nasdaq successful concern with Hashdex, includes a divers handbasket of integer assets that supply an manufacture benchmark beyond the terms of conscionable BTC. As of June 2022, the handbasket contained BTC, Ethereum (ETH), Litecoin (LTC), Polkadot (DOT), Bitcoin Cash (BCH), Uniswap (UNI), among others.

Samir Kerbage, main exertion and merchandise serviceman astatine Hashdex told CryptoSlate:

“While the existent macro situation volition proceed to contiguous challenges for crypto and different hazard assets, the beardown show of the NCI is simply a wide motion investors proceed to spot the semipermanent worth successful the astir disruptive and mature crypto assets.”

The station Nasdaq Crypto Index roseate 37.2% successful January – amid bullish marketplace sentiment appeared archetypal connected CryptoSlate.