Total assets under management (AUM) for digital asset investment products surged a whopping 36.8% to $19.7 billion in January, its highest level since May 2022, CryptoCompare said in its latest monthly Digital Asset Management review report. According to the crypto intelligence firm, “bullish sentiment was driven by liquidated short positions and a favorable macro environment, reflected in the most recent CPI announcement, which saw Bitcoin’s price reach $23,000; its highest level since August 2022”.
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