Jan 14 2021

Bitcoin surges a day after Grayscale reopens deposits, and it’s not a coincidence

published by Joseph Young
in blog CryptoSlate
original entryBitcoin surges a day after Grayscale reopens deposits, and it’s not a coincidence

analysis btcusd price watch

The price of Bitcoin has recovered strongly overnight, rising from around $34,000 to $38,500. The 10% rally coincides with Grayscale reopening its products. Last month, Grayscale closed its products for new investors. Since Christmas, the Grayscale Bitcoin Trust did not report any additional inflow as a result. The Grayscale Bitcoin Trust is the go-to investment vehicle for institutions in the U.S. to gain...

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