After a difficult year for cryptocurrencies, January showed the first ray of hope. The Bitcoin price rose by almost 40%, the best monthly performance since October 2021. Industry experts are cautious about the short-term, but the mood in the market is largely positive.

A major factor behind the rise is the strengthening interest of institutional investors. The Federal Reserve has shortened interest rate steps and this has benefited the crypto market. Institutional investors have been looking for a cheap entry point for some time. With the low price and the first signs of a positive development, more Bitcoin is being bought again.