Bitcoin turns positive for the week as investor worries about GBTC sell pressure subside
Publishing timestamp: 2024-01-26 14:18:07
Summary
Bitcoin's price climbed nearly 6% as outflows from the Grayscale Bitcoin ETF appeared to be tapering off. Ether's price was up 2% but is on track for a weekly decline. Analysts believe that the selling pressure from the GBTC outflows may be coming to an end. Bitcoin mining stocks have outperformed the cryptocurrency.
Sentiment: MIXED
Tickers: COIN, ETH.CM=, RIOT, MARA, BTC.CM=,
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