Dakuku
Bitcoin (BTC-USD) topped $65,000 early Monday, closing in on its all-time high of $69,000 set in November 2021.
In the past 24 hours, the leading cryptocurrency rose more than 6% to $65,128 and maintained its gains. Momentum is building amid renewed investor interest. This surge has pushed the company's market capitalization to a staggering $1.28 trillion.
Expectations of strong demand for exchange-traded funds (ETFs) early in the week are thought to have spurred the rally.
This rise in Bitcoin has also caused a surge in stocks related to cryptocurrencies.
bit digital (NASDAQ:BTBT) 10% eachCleanse Park (NASDAQ:CLSK) by Ten%crypto mining (NASDAQ:CIFR) by 6.4%Coinbase (Nasdaq:coin) by 7.2%Riot Platform (Nasdaq: Riot) 5% eachMarathon Digital (Nasdaq: Mara) 7% increaseand MicroStrategy (NASDAQ:MSTR) 7.7% increase.
Besides Bitcoin, other tokens known as altcoins also rose on Monday. Ethereum (ETH-USD) +3%Cardano (ADA-USD) +10%Solana (SOL-USD) +3.5%, respectively, highlighting the generally prevailing positive sentiment in the cryptocurrency market.
Additionally, smaller tokens, often referred to as meme coins, also rose in response to Bitcoin's rise.Dogecoin (DOGE-USD) soars almost 20%, while Shiba Inu (SHIB-USD) 22% increase.
