Investing.com – Strategy (NASDAQ:MSTR) stock rose 7.6% on Monday, after Bitcoin climbed 5.9%, driving a rally in cryptocurrency-related stocks.
Coinbase (NASDAQ:COIN) increased by 5.4%, Circle Internet soared 13%. Bitcoin mining stocks also generally rose, with MARA Holdings (NASDAQ:MARA) up 6%, CleanSpark (NASDAQ:CLSK) up 5.5%, and Riot Platforms (NASDAQ:RIOT) up 2%.
Bitcoin fell to a low of $63,038 over the weekend, amid fears of an attack on Iran. The cryptocurrency reversed course in Monday’s early trading, rallying to a high of $69,615 as the rebound momentum from the lows strengthened.
Despite multiple tests, the support level around $63,000 has held, and Bitcoin’s year-to-date low remains at $60,000.
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Bitcoin rebounds from weekend sell-off, cryptocurrency stocks soar
Investing.com – Strategy (NASDAQ:MSTR) stock rose 7.6% on Monday, after Bitcoin climbed 5.9%, driving a rally in cryptocurrency-related stocks.
Coinbase (NASDAQ:COIN) increased by 5.4%, Circle Internet soared 13%. Bitcoin mining stocks also generally rose, with MARA Holdings (NASDAQ:MARA) up 6%, CleanSpark (NASDAQ:CLSK) up 5.5%, and Riot Platforms (NASDAQ:RIOT) up 2%.
Bitcoin fell to a low of $63,038 over the weekend, amid fears of an attack on Iran. The cryptocurrency reversed course in Monday’s early trading, rallying to a high of $69,615 as the rebound momentum from the lows strengthened.
Despite multiple tests, the support level around $63,000 has held, and Bitcoin’s year-to-date low remains at $60,000.
This article was translated with the assistance of artificial intelligence. For more information, please see our Terms of Use.