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International Business Times

Business

Nica Osorio

Bitcoin Makes A Strong Comeback, Surpassing $42K As GBTC Selloff Stalls

Bitcoin GBTC Eric Balchunas ETF James Seyffart Bloomberg Intelligence JP Morgan United States

Bitcoin Investment Stratefy (Credit: Ivan Radic/flicker)

KEY POINTS

GBTC saw lowest outflow on its day 9 and day 10 of trading
Bitcoin reclaimed the $42,000 price level on Friday
At 7:34 p.m. ET on Sunday, Bitcoin exhibited positive performance by trading at $42,002.67

Bitcoin staged a robust resurgence and recaptured the $42,000 price threshold as Grayscale Investment's GBTC experienced its most minimal outflow since commencing trading activities.

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