Bitcoin has given back all of its gains this month, falling about 10.9% from its monthly high.

BlockBeats News, January 26, bitcoin briefly fell below $87,000 in the early hours today, erasing all gains for the month, with a year-to-date return of -0.5% for January. Previously, on January 14, bitcoin once broke through $97,000, and it has now retreated about 10.9% from the monthly high.

Factors such as geopolitical risks and the failure of its safe-haven attribute, the Federal Reserve slowing down interest rate cuts, institutional ETF outflows, and market deleveraging have led to the decline in bitcoin.

Historical data shows that since 2013, bitcoin's average return in January has been +3.81%, with a median January return of +0.62%. Over the past 13 years, January has seen 7 gains and 6 declines.