The price of Bitcoin reached a high of USD23,000 in the first month of 2023. The Fear & Greed Index has also increased to 61 (Greed), compared to last month’s 25 (Extreme Fear), indicating that traders are buying. All eyes are also on the announcement of the Federal Reserve (FED) on February 1st regarding an expected rise in interest rates, which could likely result in a decrease in cryptocurrency prices.