GoldenTree Adds Bitcoin to Its Balance Sheet: Report

Bloomberg

Bitcoin Rallies Past Key $40,000 Level to Highest Since Mid-May

(Bloomberg) — Bitcoin hit its highest level since mid-May and continues to build momentum.The largest cryptocurrency is gaining for a 10th day in the past 11 and traded up to $42,390 on Saturday, its highest level since May 20. Market watchers have pointed to $40,000 as an important inflection point.“A run like this certainly suggests some flow backing,” said Jonathan Cheesman, head of over-the-counter and institutional sales at crypto derivatives exchange FTX, in a note Saturday. “Of course, i