The price of Bitcoin (BTC-USD) has reached a new milestone, surpassing $65,000 in the early hours of Monday morning. This puts it closer to its all-time high of $69,000, which was set back in November of 2021. In the last 24 hours alone, Bitcoin has seen a 6% surge, bringing its market capitalization to an impressive $1.28 trillion. This rise can be attributed to renewed interest from investors, as well as anticipation for strong demand for exchange-traded funds (ETFs) at the start of the week.
Not only has Bitcoin seen a boost, but stocks related to cryptocurrencies have also experienced significant gains in premarket trading. Some of these include Bit Digital (NASDAQ:BTBT) up 10%, Cleanspark (NASDAQ:CLSK) up 10%, Cipher Mining (NASDAQ:CIFR) up 6.4%, Coinbase (NASDAQ:COIN) up 7.2%, Riot Platforms (NASDAQ:RIOT) up 5%, Marathon Digital (NASDAQ:MARA) up 7%, and MicroStrategy (NASDAQ:MSTR) up 7.7%.
In addition to Bitcoin, other tokens such as Ethereum (ETH-USD) (+3%), Cardano (ADA-USD) (+10%), and Solana (SOL-USD) (+3.5%) have also seen gains on Monday, showcasing the overall positive sentiment in the cryptocurrency market.
Even smaller tokens, commonly known as meme coins, have risen alongside Bitcoin’s rally. Dogecoin (DOGE-USD) saw a nearly 20% surge, while Shiba Inu (SHIB-USD) climbed 22%. This further emphasizes the widespread excitement surrounding the cryptocurrency market.
In summary, Bitcoin’s surge to $65,000 and its impact on related stocks and tokens highlights the growing interest and potential for growth in the cryptocurrency market. As more investors and institutions enter the space, it will be interesting to see where Bitcoin and other tokens go from here.
