Bitcoin (BTC -0.78%) has arguably been one of the most talked-about topics in the financial world recently as the first spot Bitcoin ETF launched on Jan. 10. Yet, despite the widespread coverage, the decentralized nature of Bitcoin can make it difficult to evaluate its current position and keep track of developments. That’s where Cathie Wood and her team at Ark Invest come in.
Every month, they compile a report that sheds light on the latest Bitcoin-related developments, providing both short-term and long-term information that can help us gain better insight into the world’s most valuable cryptocurrency. With another month passing, it’s time to dive into what the experts had to say in their latest analysis.
An encouraging short-term outlook
After a solid end to 2023, Bitcoin surpassed key indicators that Ark Invest and its analysts track closely. While…