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
-
This Crypto Trader Just Sold All His Bitcoin For Altcoins Like Cardano And XRP, Here’s Why
Crypto expert Michaël van de Poppe recently revealed that he had sold all his Bitcoin and... -
Blackrock Bitcoin ETF Attracts 414 Institutional Holders — Analyst Says IBIT ‘Blows Away Record’
Blackrock’s spot bitcoin exchange-traded fund (ETF), the Ishares Bitcoin Trust (IBIT), has amassed 414 insitutional holders... -
Humanity Protocol hits unicorn status, nabs $30m
More crypto startups are raising seed rounds and pre-A funding. Below, we look at some of...