The price of bitcoin (BTC) climbed above $42,000 – a level not seen since before the crash of Terra – for the first time since April 2022 while ether (ETH) moved past $2,200. Bitcoin’s price had been toying with the $40,000 level in recent days, and finally breached it Monday to trade above $41,600 as of press time, according to CoinDesk Indices data, a 24-hour rise of about 6%. Ether was trading around $2,240, a similar percentage gain. The advance spurred crypto stocks higher, too. Crypto exchange Coinbase (COIN) jumped almost 9% in pre-market trading, as did Microstrategy (MSTR). Crypto miners such as Marathon Digital (MARA) and Riot (RIOT) added more than 10%. The other top 10 cryptocurrencies by market capitalization marked smaller gains, and BNB coin (BNB), a token affiliated with the Binance exchange, was little changed.
Related posts
-
XRP, Cardano (ADA), Solana (SOL) Outperform Bitcoin (BTC) Price as SEC Chair Gary Gensler Sets Exit Date
Bitcoin is inching closer to the $100,000 mark, though its momentum has slowed. It clinched another... -
Bitcoin Cash eyes 18% rally
Bitcoin Cash (BCH) added nearly 35% to its value in the past month and rallied 12%... -
UK to Draft a Regulatory Framework for Crypto, Stablecoins Early Next Year
The U.K.’s long awaited crypto rules are coming. Source Spread the love