The high demand from U.S.-listed bitcoin ETFs leads to a frenzy for tokens.
Sector-specific factors have been supporting Bitcoin, including the debut of US exchange-traded funds dedicated to the token.
Bitcoin miners are getting a jump on an anticipated decline in revenue.
Anyone who wants to buy, sell or hold tokens needs a crypto wallet.
Investors are piling into coins perceived to be under less regulatory threat than bitcoin.
The inflows are the highest since July 2022 and follow nine consecutive weeks of outflows.
The largest digital asset has climbed 67% since Dec. 31.
FTT, the token of the FTX exchange, is up 160% in January after losing nearly all its value in 2022.
Crypto billionaire Changpeng “CZ” Zhao further outlined his plans to backstop the stricken industry.
After a series of highly public collapses in exchanges and lending programs, crypto suffers from a crisis of confidence.
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