Bitcoin heads toward winning streak last seen in pandemic before record high

January 30, 2024

Bitcoin aims for fifth straight monthly gain, fueled by pandemic-era rally and shifting views on monetary policy. The digital asset rose 2% in January amid swings from US spot Bitcoin ETF rollout. BlackRock Inc. and Fidelity Investments launched Spot Bitcoin ETFs, attracting new investors and contributing to Bitcoin’s 160% surge last year. Grayscale Bitcoin Trust conversion into an ETF and the slowdown in withdrawals from the fund boost market sentiment.

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