In today’s crypto market update (January 31), Bitcoin is trading at $22,865, down 1.66% from yesterday and 0.24% from last week. Ethereum is at $1,569, a decrease of 1.07% daily and 3.4% weekly, while BNB sits at $309, slightly up from yesterday but down 1.74% from the prior week.
In news, Alameda Research is working to recover $446 million from Voyager, which is tied to outstanding loans made prior to its own bankruptcy. This development has prompted investigations regarding Voyager’s management of customer funds. Additionally, the Charity Commission in the UK is investigating Effective Ventures Foundation due to its ties with FTX, assessing potential asset risks without confirming misconduct.
CoinShares reports a surge of $117 million in digital asset investments, with total assets under management now at $28 billion, a 43% increase since November 2022. Meanwhile, Turkey’s National Alliance aims to adopt cryptocurrencies and blockchain for various public services in its upcoming elections.
Bitcoin mining revenue has also seen a notable 50% increase in January, showing signs of recovery after a challenging year. Lastly, a study reveals that 82% of high-net-worth individuals sought investment advice about cryptocurrencies in 2022, indicating growing interest in digital assets.