Bitcoin surged in value early Tuesday, extending a runup for the largest cryptocurrency. The digital token was recently quoted at about $34,150, up more than 8% from its late-Monday level, according to CoinDesk. A few hours earlier it had spiked to around $35,000. Excitement about the prospect of exchange-traded funds based on spot bitcoin, rather than bitcoin futures, has helped propel it higher.
Bitcoin's latest rally brings its price back to levels seen in May 2022, shortly before the cryptocurrency market started imploding. The market endured a string of high-profile collapses and scandals, including the crash in value of a pair of stablecoins, the meltdown of a multibillion-dollar crypto hedge fund and the fall of exchange FTX.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stock Market Today: Dow falls as energy stocks weigh; big tech earnings eyedStock Market Today: Dow falls as energy stocks weigh; big tech earnings eyed
Source: Investingcom - 🏆 450. / 53 Read more »
Stock market today: Asian stocks fall as concerns rise over Israel-Hamas war and high yieldsAsian shares have started the week lower, as higher risks of broader conflict in the Middle East cloud market sentiment and bond yields continue to rise.
Source: wjxt4 - 🏆 246. / 63 Read more »
Stock market today: Asian stocks fall as concerns rise over Israel-Hamas war and high yieldsAsian shares have started the week lower, as higher risks of broader conflict in the Middle East cloud market sentiment and bond yields continue to rise. U.S. futures rose while oil prices fell back. On Friday, the S&P 500 fell 1.3% for a fourth straight drop. The Dow sank 0.9% and the Nasdaq composite tumbled 1.5%.
Source: AP - 🏆 728. / 51 Read more »
Stock market today: Asian stocks fall as concerns rise over Israel-Hamas war and high yieldsAsian shares have started the week lower, as higher risks of broader conflict in the Middle East cloud market sentiment and bond yields continue to rise.
Source: ksatnews - 🏆 442. / 53 Read more »
Stock Market Today: What to WatchTreasury yields near 5% again
Source: WSJ - 🏆 98. / 63 Read more »
Stock Market Today: 10-Year Treasury Yield Hits 5%This week will bring earnings from several of the 'Magnificent Seven' tech giants
Source: WSJ - 🏆 98. / 63 Read more »