CoinEx Research has released its Macro Monthly Report for January 2024. The report provides a comprehensive analysis of the important events and their impact in the market in January from both macro and micro dimensions.
The biggest news of January was undoubtedly the final approval of the SEC for the listing of Bitcoin spot ETFs, which is widely seen as an important sign that cryptocurrencies have officially entered the mainstream capital market. However, Grayscale, the largest bitcoin ETF, has seen large outflows, which is expected to have a certain impact on the price.
Looking ahead to February, it is expected that the price of bitcoin will continue to adjust and fluctuate, focusing on the positive impact of the Ethereum Dencun upgrade, while the regulatory environment in the United States remains severe, and the direction of the legal dispute between the SEC and crypto exchanges is still unclear.
According to the report, the current market is at an important turning point, and it will take time for a real large-scale influx of institutional funds, so it is advisable to remain cautious in the short term. CoinEx will continue to pay attention to industry trends and provide users with safe and professional crypto asset trading services.
Click on the link to get the full report
About CoinEx
Established in 2017, CoinEx is a global cryptocurrency exchange committed to making trading easier. The platform provides a range of services, including spot and margin trading, futures, swaps, automated market maker (AMM), and financial management services for over 5 million users across 200+ countries and regions. Founded with the initial intention of creating an equal and respectful cryptocurrency environment, CoinEx is dedicated to dismantling traditional finance barriers by offering easy-to-use products and services to make crypto trading accessible for everyone.
