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Bitcoin tries for a winning week as investor worries about GBTC sell pressure subside

From cnbc.com

Bitcoin pushed higher to end the week as investors took some comfort in the idea that outflows from the Grayscale Bitcoin ETF (GBTC) could be starting to taper off. The price of the cryptocurrency climbed more than 3% to $40,989.80 according to Coin Metrics. At one point Friday morning it rose to as much as $41,658. It’s still down more than 1.5% for the week, however. Ether was up by about 1% Friday, trading at $2,239.06. It’s on pace, however, to post a nearly 10% decline for the week. Thursday “registered one of the lowest days in net outflows from GBTC and the third consecutive day of declining outflows, which ... (full story)

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  • Category: Fundamental Analysis