January 2024 recap - Pretty volatile

in voilk •  6 months ago

    Again a month has passed. Let me show you how my portfolio did.

    Market update

    Quite a bumpy ride this month, with a high around the mid of the month and a low about a week ago. In the end however, we only see a slightly lower result. The total market cap of cryptocurrencies went down from 1.72 tn to 1.62 tn. Bitcoin dominance went up slightly from 51.0% to 51.2%.

    Looking at the prices of the individual currencies, Bitcoin went down from $45,100 to $42,350 this month. The price of Ethereum also went down, from $2,375 to $2,280.

    Current Portfolio

    Again I didn't invest more money in Bitcoin and Ethereum. My overall portfolio value is now about €700 lower than one month ago. My portfolio shifted away from BTC. My personal BTC "dominance" is down from 48,1% to 47.3%.

    In total I have invested €2,600 in Ethereum and Bitcoin, so I'm at a €16,400 overall profit.

    I managed to steadily increase my Hive Power holdings from 10,085 to 10,211 HP. The highest amount ever!

    Will February be a little less bumpy? Or will we see a lot of volatility again? We'll find out in the coming recaps.

    Posted Using InLeo Alpha

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