Nasdaq Crypto Index rose 37.2% in January – amid bullish market sentiment
Last month, the Index booked its third-highest monthly gains since February 2021, while Bitcoin itself saw its price rise by 39.4%.
Read crypto trading news, market structure shifts, technical setups, derivatives activity, and strategies used across volatile markets.
Bitcoin has emerged as an investor favorite as BTC investment products saw inflows of $116 million over the past seven days.
The central bank's move to invalidate current notes and the subsequent cash withdrawal restrictions have increased demand for Bitcoin.
Bitcoin holders in profit on average as the price continues to rally
Short-term Bitcoin investors appear to be taking profit after the cohort saw a dramatic increase in the number of their coins held in profit.
There will be two Ronin token unlocking rounds, with Sky Mavis releasing 15.85 million RON and ecosystem fund releasing 6.38 million RON.
2023 has already been an encouraging start for Bitcoin, and the Lunar New Year could keep the bullish momentum going