Grayscale Bitcoin Trust ETF is trading 5.3% up today as Bitcoin rebounds above the $61,000 level after last week’s rate-hike fears spurred a steep crypto sell-off.
- The recovery is driven by a broader risk-on tone in the crypto and tech sectors, alongside short-covering following several consecutive down days.
- Market sentiment has stabilized for major assets including Bitcoin and Ethereum, with no major U.S. economic data releases scheduled to disrupt the momentum.