In the immediate aftermath of the announced deal, they sent bitcoin’s price tumbling well below $20,000, its support of the last two weeks. Hours later, prices were bounding above the threshold. But by the afternoon, the largest cryptocurrency by market capitalization had plummeted under $19,000 for the first time since mid September. BTC was recently trading at about $18,500, down more than 10% over the previous 24 hours and its first time under $19,000 since mid October.
Grayscale’s GBTC Sees Inflow for First Time Since Bitcoin ETF’s January Debut
While the Friday inflow ends the streak of net GBTC withdrawals, BlackRock's iShares Bitcoin Trust (IBIT) is challenging the fund...