NFT News by Thebittimes.Com

After the historic approval of a spot Bitcoin exchange-traded fund (ETF) by the Securities Exchange Commission (SEC), the focus has shifted to the overall market trajectory in the upcoming days, given the bullish sentiment associated with the investment product. In this context, a cryptocurrency trading expert by the pseudonym thescalpingpro shared insights in an X (formerly Twitter) post on January 11 about how Bitcoin (BTC) is expected to perform in the coming months . The first insight focuses on Bitcoin’s next price trajectory, where the expert pointed out that the maiden cryptocurrency is likely to trade sideways or enter a vertical accumulation phase. Notably, in a vertical accumulation phase, the price chart shows a steady upward trend, marked by consistent buyer participation and sustained demand for the cryptocurrency. However, the expert’s roadmap also acknowledges the inherent volatility of Bitcoin’s bull markets, forecasting a correction ranging betwe...

It was another bumper week for crypto investments last week. That’s according to the latest Digital Asset Fund Flows Weekly report from CoinShares, who said that digital assets saw investment inflows of $76 million last week. According to CoinShares, that marked a fourth consecutive week of inflows, which now stand at $230 million since the start of the year, “highlighting a decisive change in investor sentiment for the beginning of 2023”. The report added that total investment assets under management (AuM) has now risen 39% since the start of the year to $30.3 billion, the highest since mid-August 2022. Healthy investment flows into the crypto space come as prices cling on to impressive gains for the year. Bitcoin and Ethereum are both up around 40% since the start of the year on a combination of factors including 1) macro bets that the Fed won’t have to do too much more tightening in 2023, 2) that post-FTX collapse pessimism was overdone giv...