Cryptocurrency Bitcoin continues its growth for the fifth consecutive month, surpassing previous records. This period becomes the longest rally since the beginning of the coronavirus pandemic.

Bitcoin is preparing to conclude the fifth consecutive month with positive dynamics. This is the best result since the start of the pandemic and the introduction of financial stimuli. At the time of publication, the BTC price is approaching the $43,000 mark.

In January, cryptocurrency showed a 2% growth. Compared to December 31, 2023, when 1 BTC was worth $42,150, this is a noticeable increase.

Two key factors have influenced this growth:

1. The launch of ETFs on spot BTC in the United States.
2. New prospects for the monetary policy of the United States - analysts believe that the Federal Reserve System's (FRS) key interest rate will remain at a higher level than initially expected.

After the launch of spot ETFs, the price of Bitcoin, which had been rising and approaching $49,000, started to decline. At some point, the BTC price even dropped to $38,500.

GBTC company faced significant capital outflows, but ETFs from BlackRock and Fidelity proved successful in attracting investments and active trading.

Meanwhile, major players are strengthening their positions in the stablecoin market. Santiment data shows that more than half of the supply of the stablecoin USDT is controlled by whales with wallets containing more than $5 million. This indicates their readiness for active purchases in the market.

Last week, large players took advantage of the panic sell-off. Owners of wallets with a total balance of over 1,000 BTC acquired 76,000 coins during this period. A week later, the Bitcoin price slightly increased.