Crypto-related stocks and funds rallied on Monday after bitcoin briefly rose above $50,000 for the first time since December 2021, as demand for recently launched spot bitcoin ETFs remains robust.
The largest cryptocurrency BTCUSD has risen 13% over the past seven days, according to CoinDesk data. It has climbed 11% so far this year, building on a more than 150% gain in 2023. However, bitcoin is still down roughly 28% from its all-time high of $68,990, reached in November 2021.
Among…
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