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home / news releases / GBTC - Crypto Rises And Shorts Shatter

GBTC - Crypto Rises And Shorts Shatter

Bitcoin Investment Trust

2024-05-21 20:00:00 ET

Summary

  • The price of Bitcoin was above $70,000 this morning for the first time in over a month.
  • Ethereum prices are up double-digit percentage points (11% as of this writing) on renewed ETF optimism.
  • Using the Grayscale Bitcoin Trust as a proxy, Bitcoin prices are currently trading at the high end of this year's range.

As we first noted in today's Morning Lineup, while equities are having a snoozer of a session, crypto prices are rallying. Although it has come off the high, the price of Bitcoin ( BTC-USD ) was above $70,000 this morning for the first time in over a month....

For further details see:

Crypto Rises And Shorts Shatter
Stock Information
Company Name: Bitcoin Investment Trust
Stock Symbol: GBTC
Market: OTC
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