PANews News on January 30, according to Bloomberg, Bitcoin is expected to rise for the fifth consecutive month, which will be the longest continuous rise of Bitcoin since the rebound driven by loose monetary policy during the new crown epidemic. Bitcoin prices rose about 2% in January, as the launch of the first BitcoinSpot ETF in the U.S. and a shift in views on the outlook for monetary policy triggered a sharp Fluctuation in the month. According to data compiled by Bloomberg, the five-month winning streak would be the longest since the six-month rise from October 2020 to March 2021, with Bitcoin hitting an all-time high of nearly $69,000 in November 2021.

Sean Farrell, head of digital asset strategy at Fundstrat Global Advisors LLC, wrote in a note on Monday that the slowdown in grayscale GBTC outflows "has had a significant positive impact on market sentiment." According to the data, 10 BitcoinSpot ETFs have attracted a total of $817 million in net funds to date. Looking at trading and flow metrics, these issuers have launched the most successful ETFs in history.
Investors are also awaiting the Federal Reserve's Intrerest Rate decision this week, and their expectations for a rate cut in March are broadly flat. This significant change in outlook could affect Bitcoin and the broader crypto market, as they are sensitive to changes in market sentiment and perceptions of liquidity.