3 Stocks to Watch as Bitcoin Looks Poised for a Comeback
CBOECboe(CBOE) Zacks Investment Research·2024-02-06 22:11

Bitcoin (BTC) has had a turbulent January. While the benchmark crypto almost touched the 47,000markonJan8,ridingontheoptimismofspotBitcoinETFsgoingmainstream,itclosedthemonthat47,000 mark on Jan 8, riding on the optimism of spot Bitcoin ETFs going mainstream, it closed the month at 42,582.61, barely above the level it had finished 2023 on. Multiple factors have affected it. The fund outflow from the Grayscale Bitcoin Trust (GBTC) and the potential release of Bitcoin from the defunct Mt. Gox exchange have been major sources of concern. Once profits were booked on the successful conversion of ...