Bitcoin, Ethereum Soar Leaving Dogecoin In The Dust: A Look At The Cryptos Into The Weekend
Portfolio Pulse from Melanie Schaffer
Bitcoin and Ethereum have seen significant gains, with Bitcoin surging almost 6% and both cryptos up 14% and 11% respectively since Feb. 5. Dogecoin, however, has shown weakness, stalling above the 8-cent mark. The Grayscale Bitcoin Trust ETF (GBTC) has risen about 14% over the last four trading days, potentially setting up for a gap open on Monday. Bitcoin and Ethereum are facing technical resistance levels, while Dogecoin struggles with low trading volume and a lack of direction.
February 09, 2024 | 7:43 pm
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The Grayscale Bitcoin Trust ETF (GBTC) has experienced a 14% increase over the last four trading days, potentially setting up for a gap open on Monday due to Bitcoin's bullish price action.
GBTC's recent rise is directly linked to Bitcoin's bullish price action. As Bitcoin continues to trade higher, GBTC is expected to potentially gap open at the start of Monday's trading session, indicating a positive short-term impact.
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