Bitcoin recovers to $83,000, Coinbase rises 5%, Citigroup sets $113,000 target

Bitcoin moved back toward $83,000 on Friday in a moderate rally, following a challenging week for cryptocurrencies and stocks tied to the sector. While the largest cryptocurrency remains nearly 34% below its all-time high, Friday’s rebound signaled renewed optimism among crypto investors. Shares of Coinbase, a leading US-based cryptocurrency exchange, advanced by almost 5% during Friday’s trading session. Strategy, the publicly listed firm led by Michael Saylor and better known as a significant institutional holder of Bitcoin, saw its shares gain around 2.2% in premarket activity.

Source: CoinTurk News