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Cryptocurrencies head for a winning week, bitcoin tops $30,000 on ETF optimism and flight to safety
Bitcoin extended its weekly gains on Friday, briefly topping $30,000 at one point for the second time this week, as confidence a spot bitcoin ETF will soon be greenlit grew and crypto investors continued weighing uncertainty in the U.S. and abroad. The price of the flagship cryptocurrency was recently up more than 3% on Friday at $29,719.28, according to Coin Metrics. It’s on pace for a 11% weekly gain, its best since June 23 when it added 17%. Earlier, it climbed as high as $30,193.87. Ether added 2.5% to trade at $1,609.60 on the day and was up 4.3% for the week. That puts it on pace for its best week since Sept. ... (full story)