Bitcoin extended its weekly gains on Friday, briefly topping $30,000 at one point as confidence a spot bitcoin ETF will soon be green lit grew.
extended its weekly gains on Friday, briefly topping $30,000 at one point, 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 rose 4% on Friday to $29,916.39, according to Coin Metrics, and was on pace for a 12% weekly gain.briefly topped 5% for the first time in 16 years. Higher yields historically have had a negative effect on bitcoin, but the crypto asset is benefiting from a key catalyst investors have been watching all year: the approval of what would be the first spot bitcoin ETF in the U.S.
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