And that's a wrap on an ugly month
The STEEM closing price for January is in at $0.205473.
This is down for the month by roughly $0.07 or 26.59%. As a percentage, this was STEEM's worst performance since June, 2024, and overall it was the 22nd worst month out of 106 total.
Let's hope for a better February.😉
Here are the updated charts.
By percentage
And by value
Not pretty, at all. I had been somewhat hopeful that we'd see a strong month following what is allegedly a "crypto friendly" new administration here in the US... but I guess that was priced in at the time of the actual election, back in November...
0.00 SBD,
0.66 STEEM,
0.66 SP
Exactly my thoughts. Also, behind the scenes, we've seen unusually high levels of powering down for a month or two. On one hand that's good because it frees up interest and rewards for other investors, but I guess there's a relatively high amount of selling pressure right now.