From Investing: 2024-05-06 13:30:21

Bitcoin has surged over 10% since Friday, hitting $65,000 before dipping 2.14% to $63,800. Pomp attributes this rise to the first inflow into Grayscale’s GBTC ETF since January, totaling $63 million. Additionally, Bitcoin’s 200-day moving average has hit an all-time high, exceeding $50,000 for the first time.

Read more at Investing.com: Bitcoin’s 200 Day MA Hits New All-Time High as BTC Jumps 10% By U.Today