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AIPROPX ReportCNBC · 3h ago
Crypto extends gains after biggest 3-day rally since 2023
Bitcoin and crypto stocks extended their rally to start the week after the flagship cryptocurrency broke out of its trading range as investor concern over inflation and the fiscal deficit grew.
The price of bitcoin was higher by 2% on Monday, trading just under $80,000 at levels not seen since May. Ether rose 2% to about $2,500, trading at its highest level since January.
Crypto treasury stocks followed the blue-chip crypto assets higher. Strategy and Strive climbed 2% and 4%, respectively, while ETH treasury names Bitmine and Sharplink gained 3% and 2%, respectively.