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Bitcoin steady, on track for back-to-back winning weeks
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Bitcoin steady, on track for back-to-back winning weeks

Bitcoin prices are mostly unchanged on Friday, but on track to book a second straight week of gains.

A single bitcoin BTCUSD, +0.35%  was fetching $3,844.20, up 0.2% since Thursday’s level at 5 p.m. Eastern time on the Kraken exchange. The cryptocurrency has yet to log back-to-back winning weeks in 2019.

In the news

On Thursday, the New York Times reported that Facebook Inc. FB, +0.76%  and other internet companies are planning to launch their own digital currency within the next year. Citing four people brief on the matter, the Times said Facebook had held conversations with exchanges abut listing its coin.

Other companies pursing a potential digital currency are Signal and Telegram, the Times said.

“Truth is, this isn’t that much of a revelation as some are making of it,” wrote Mati Greenspan, senior market analyst at eToro. “The Times tells us that existing messaging platforms with a large user base have a much easier way of implementing new payment systems than those that need to start from scratch.”

Altcoins and futures

Altcoins, or digital currencies other than bitcoin, are mixed on Thursday. Ether ETHUSD, +0.33%  fell 0.4% to $134.68, Litecoin LTCUSD, +4.24% rose 2% to $46.72, Bitcoin Cash BCHUSD, +1.23% was up 0.7% at $130.50 and XRP XRPUSD, +2.40% added 1.2% to 32 cents.

Bitcoin futures are showing small gains in early Friday trade. The Cboe Global Markets March contract XBTJ9, +0.13%  is up 0.1% at $3,805 and the CME Group March contract BTCH9, +0.40%  rose up 0.3% at $3,800.

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