This article covers the key developments related to cryptocurrencies, and Bitcoin in particular.

Bitcoin rose by 4% this week, indicating strong demand at low levels. On January 2, $242.3 million outflows from US spot Bitcoin ETFs were seen, while on January 3, $908.1 million inflows were seen. This suggests that investors expect Bitcoin to continue its upward trend.

The fact that selling pressure on Bitcoin is decreasing is also a positive sign. The amount of Bitcoin transferred to exchanges and miner outflows decreased in December.

In the short term, Bitcoin is expected to consolidate between $95,000 and $110,000. Share your thoughts in the comments.