On January 8, SEC Chairman Gary Gensler published a warning on the social network X (formerly Twitter, blocked in Russia) about the risks that often arise when investing in cryptocurrency.

Teong Hng, chief executive of cryptoinvestment company Satori Research, believes that optimistic reports from companies such as Standard Chartered Bank are adding fuel to the rally - she estimated the influx of funds into Bitcoin ETFs in 2024 at between $50 billion and $100 billion.

Cryptocurrencies alternative to Bitcoin also rose in price: Ethereum was up about 3.8%, Cardano, Solana and Polkadot were up between 7% and 9%. Shares of crypto companies also increased, Bloomberg reports. Shares of Coinbase Global, the largest US crypto exchange, rose by 2.3%, shares of Marathon Digital and Riot platforms for bitcoin mining rose by more than 7%. Shares of MicroStrategy, a Bitcoin transaction software company, fell in price by about more than 5%.

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