One of the world’s biggest asset manager has added bitcoin to one of the most preferred fund for ordinary and passive investors.

Just because a market goes into backwardation does not mean it will stay there beyond an instant, a few hours, several weeks, or in the latest case six months.

Bitcoin reached the bank’s attention with WikiLeaks in 2010, presenting a revolutionary concept light years ahead of the banks’ methods, effectively canceling trusted third parties and allowing P2P transactions.

Bitcoin supporters celebrated a unique, annual, grassroots holiday known as "Proof of Keys," started in 2019 by Bitcoin entrepreneur Trace Meyer.

The total Bitcoin exchange inflows generally suggests how the local bottom is placed in the current scenario. According to <a rel="nofollow" href="https://cryptoquant.com/quicktake/63b4dc21c8ccf515a9ad6be3-Lowest-14-days-average-Exchange-Inflows-since-2015-suggest-volatility-to-increas">Crypto Quant</a> data, the current BTC inflow figures at the lowest since as many as 7 years. However, the general perception is that the low average might not last longer. This is considering the current market scenario around liquidity with Genesis Trading as well as the macroeconomic outlook for near future.

Per public filings with the Australian Securities and Investment Commission, a 25-year-old registered a million-dollar-worth trading company at his parents’ house. According to a report, the company successfully traded over $2 billion in Bitcoin and other cryptocurrencies.

The price of Bitcoin dipped following the release of the Federal Reserve’s December meeting minutes, which showed the central bank’s plans to continue raising interest rates.

According to new data provided by Santiment on 3 January, Bitcoin [BTC] witnessed a massive spike in interest from retail investors over the last six months. The king coin, which was affected by the bear market, could be impacted positively by the renewed interest from retail traders.

The world’s largest crypto exchange, Binance’s market share of bitcoin (BTC) trading volume rose to 92% by the end of 2022, according to Arcane Research.

The growing number of Bitcoin UTXOs indicates a healthy network usage that defies the ongoing bear market.