Bitcoin crossed the $50,000 mark for the first time in two years, entering the FOMO stage. This happened after the launch of spot ETFs on January 11 and a temporary decline in value to $38,500. Meanwhile, outflows from the Grayscale Bitcoin Trust slowed, and inflows into new products continued to grow. In February, Grayscale lost 1,850 bitcoins, while the other nine ETFs added nearly 11,000 tokens. The cryptocurrency market experienced a bull market in 2023, with the value of Bitcoin rising 65% to $27,000 by October.