Bitcoin News

U.S. Senator Cynthia Lummis has reportedly launched an inquiry into the sale of Bitcoin by the U.S. Marshals Service, which oversees the Department of Justice’s Bitcoin holdings.

Investors are closely watching two major events in January that could significantly impact Bitcoin (BTC) and cryptocurrency prices: President Trump’s upcoming inauguration on January 20 and a potential rate hike by the Bank of Japan (BoJ) on January 24.

On January 15, Bitcoin and Ethereum spot exchange-traded funds (ETFs) recorded substantial inflows, signaling growing investor interest in cryptocurrency-backed financial products.

Matt Hougan, Chief Investment Officer at Bitwise, believes the wave of corporate Bitcoin acquisitions is only in its infancy.

A little over a year since the launch of BlackRock’s iShares Bitcoin Trust ETF (IBIT), the firm reflects on what it describes as an “incredible” first year.

Bitcoin’s trajectory for the coming months may hinge on how it performs around the $90,000 mark this January, according to well-known crypto analyst Benjamin Cowen.

The United States marked a significant breakthrough in January 2024 by becoming the first country to approve spot Bitcoin ETFs, setting a global benchmark for crypto innovation.