According to public information, the positive news on January 13th was mainly due to the fact that on January 11th, 2024, 11 Bitcoin spot ETFs approved by the U.S. Securities and Exchange Commission (SEC) began trading on the New York Stock Exchange and Nasdaq Stock Exchange. This provided investors with a more convenient and safer channel to invest in Bitcoin, lowered the investment threshold and cost, attracted more institutional and individual investors to enter the field, and helped to improve the legitimacy and liquidity of cryptocurrencies. This was a major breakthrough in the Web3 field.