Bitcoin Heads Toward Winning Streak Last Seen in Pandemic Before Record High

Bitcoin Heads Toward Winning Streak Last Seen in Pandemic Before Record High

Bitcoin Heads Toward Winning Streak Last Seen in Pandemic Before Record High

Bitcoin Heads Toward Winning Streak Last Seen in Pandemic Before Record High

Bitcoin appears set to extend its winning streak for a fifth consecutive month, marking its longest positive run since the pandemic-triggered rally. Amidst January’s notable volatility, driven by the debut of the first US spot BTC exchange-traded funds and shifting views on monetary policy, the largest digital asset has seen a roughly 2% increase. If this trend continues, it would be the lengthiest winning stretch since October 2020 to March 2021.

The recent introduction of spot Bitcoin ETFs, including those from BlackRock Inc. and Fidelity Investments, has been a significant factor in this ongoing momentum. Despite a 12-day drop after the ETFs went live, BTC’s recovery has been aided by a slowdown in outflows from the Grayscale Bitcoin Trust, a positive signal for market sentiment.

Bitcoin is trading at around $43,500, while smaller tokens like BNB and Cardano show mixed performance within relatively narrow ranges.

The broader crypto market remains watchful of the Federal Reserve‘s interest-rate decision this week, with potential impacts on BTC and other cryptocurrencies. As of now, BTC is trading at around $43,500, while smaller tokens like BNB and Cardano show mixed performance within relatively narrow ranges.

Jason Stone

Jason Stone

Jason Stone is a serial entrepreneur with multiple 7 figure business ventures across various verticals of web and marketing. He is widely known by over 7 million people around the world as @Millionaire_Mentor on Instagram. Jason utilizes his experience and passion as a motivator, mentor, teacher, and social media influencer to help others create success. Jason Stone is an accomplished Senior Executive, Consultant, and Thought Leader with more than 20 years of success across the engineering, e-commerce, social media, internet, marketing, advertising, technology, automotive, blockchain, franchising, and health and wellness industries. He is an early-stage startup tech investor/advisor to over a dozen companies. Leveraging extensive experience creating go-to-market strategies and viral marketing, he is a valuable advisor for an organization experiencing growth or launching new products. His broad areas of expertise include business development, mechanical engineering, global strategy, email marketing, digital marketing, automation, blockchain, organizational leadership, and growth hacking. t
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