The Grayscale Bitcoin Trust (GBTC) took a surprising development yesterday, Monday, January 9, when the world’s largest private BTC fund rose 12% in price. As TradingView data shows, the GBTC share price stood at $8.65 at the close of trading on Friday. However, during the course of Monday, GBTC saw unexpected buying pressure that pushed the price to $9.72.
In contrast, the Bitcoin spot price stagnated around the $17,200 level yesterday. This circumstance has contributed to the GBTC…
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