5 altcoins that produced double-digit gains as Bitcoin price rallied in January By Cointelegraph

The rally in cryptocurrency markets started in early January with a spike in heavily-shorted altcoins and (ETH) liquid staking derivative (LSD) tokens due to the upcoming network upgrade in March. Soon gains started to show across the board as buyers started to play catch up.

The improving macroeconomic conditions, such as reduced inflation and a stable job sector in the United States, provided additional tailwinds for the positive rally. (BTC) is en route to its most impressive closing for January since 2013. Its price has gained 40% year-to-date from the opening value of $16,530.