Bitcoin tops $51,000, moving firmly higher for the first time in 2 weeks as it heads into the holiday
Yuichiro Chino
Bitcoin extended its gains above $50,000 on Friday, matching the upbeat tone in broader financial markets as investors shook off Omicron fears to kick off the holidays.
Going into the last week of December, cryptocurrencies, like other risky assets, appear to be shaping up for a so-called «Santa Claus rally» for a strong end to the year.
Leading cryptocurrency bitcoin broke through $50,000 late Thursday, having been stuck below the psychological level for two weeks. It was trading 5% higher at $51,191 at last check Friday, according to data from CoinGecko.
Investors have faced a wall of worry this month over the impact of the Federal Reserve's decision to wind down support for the US economy and of the rapid spread of the Omicron
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