Tag: NASDAQ: IBIT
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Crypto: Bitcoin Surpasses $42K on Friday, Canaan Raises $50 Million for Expansion and R&D, and More
Bitcoin surpasses $42,000 with reduced selling pressure and favorable economic outlooks Bitcoin (COIN:BTCUSD) saw a significant increase of 5.3%, reaching $42,020, buoyed by the reduction in outflows from the Grayscale Bitcoin Trust (AMEX:GBTC), easing investor concerns and propelling weekly gains into positive territory. Fernando Pereira, analyst at Bitget, highlighted the bullish scenario for cryptocurrencies, supported…