Bitcoin Price Surges to New Highs as Genesis Gets Court Approval to Sell $1.6B in GBTC; Impact Uncertain
- Bitcoin price has surged to new highs, reminiscent of 2021 bull run
- Concerns as judge grants Genesis permission to sell $1.6B in GBTC shares
- Experts believe selling may not impact price much due to demand for new spot ETFs
- But uncertainty remains about potential consequences
- Yuga Labs acquires NFT startup Proof, integrating Moonbirds into Otherside