Bloomberg: Bitcoin is expected to achieve its fifth consecutive month of growth by the end of January, marking the longest record since the bull market in 2021

According to Bloomberg, Bitcoin is expected to rise for the fifth consecutive month, marking the longest continuous increase since the rebound driven by loose monetary policies during the COVID-19 pandemic. The price of Bitcoin rose by about 2% in January, triggered by the launch of the first US Bitcoin spot ETF and a shift in people's outlook on monetary policy. According to data compiled by Bloomberg, this five-month continuous increase will be the longest since a six-month rise from October 2020 to March 2021 when Bitcoin reached a historical high of nearly $69,000 in November 2021. Sean Farrell, Head of Digital Asset Strategy at Fundstrat Global Advisors LLC, wrote in a report on Monday that slowing outflows from Grayscale GBTC have had a significant positive impact on market sentiment. Data shows that so far, these ten Bitcoin spot ETFs have attracted a total net capital of $817 million. From trading and flow indicators, these issuers have launched historically successful ETFs. Investors are also awaiting this week's interest rate decision from the Federal Reserve and their expectations for an interest rate cut in March remain largely unchanged. This significant change in prospects may affect both Bitcoin and the broader cryptocurrency market as they are sensitive to changes in market sentiment and liquidity views.