First Mover: It Might Be Getting ‘Silly’ as Bitcoin Passes $39K, $40K, $41K

First Mover: It Might Be Getting ‘Silly’ as Bitcoin Passes $39K, $40K, $41K


Bitcoin’s momentum showed few signs of slowing on Friday, as prices pushed to a new all-time high after blowing through $40,000 for the first time. 

In traditional markets, Asian and European shares rose and U.S. stock futures pointed to a higher open, as investors bet that a dismal jobs report expected early Friday from the Labor Department on the December employment situation would strengthen the case for additional economic stimulus. Gold weakened 1.1% to $1,893 an ounce. 

Yields on 10-year U.S. Treasury notes jumped Thursday to 1.07%, the highest since March, as traders focused on the potential for faster inflation under a U.S. government controlled by President-elect Joe Biden’s Democratic party, according to the Wall Street Journal.    

Read More: Over $41,000: Bitcoin Continues to Forge New Highs

Market Moves

Bitcoin has climbed more than 40% in the first eight days of 2021 – after a quadrupling in 2020 and doubling in 2019 – and some analysts are

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