January has been a mixed month for Bitcoin. The coin jumped to a multi-year high of $49,010 after the SEC gave the green light for eleven spot ETFs. This was an important move because it took Bitcoin mainstream and made it available to institutional investors.
Bitcoin then retreated sharply as investors sold the ETF news. It moved from $49,070 to a low of $38,510 also as many investors in Grayscale Bitcoin Trust (GBTC) liquidated their assets and moved to cheaper alternatives
Bitcoin then retreated sharply as investors sold the ETF news. It moved from $49,070 to a low of $38,510 also as many investors in Grayscale Bitcoin Trust (GBTC) liquidated their assets and moved to cheaper alternatives