MSTR - Bitcoin Up 3.5% To $71700 Pushing Ethereum And Crypto Stocks Higher | Benzinga
Bitcoin (CRYPTO: BTC) is up 3.5% over the past 24 hours, as market participants are eyeing all-time highs ahead of the upcoming Bitcoin halving event
What Happened: Bitcoin spiked to a high of $72,777 in Monday morning trading, trading at $71,700 at the time of writing.
Ethereum (CRYPTO: ETH) is up 5.3% on the day, trading at $3,638.
Meanwhile, U.S. crypto-related stocks are poised for a buoyant start to the week.
Notably, Coinbase Inc. (NASDAQ:COIN), the sole U.S.-based publicly traded crypto exchange, witnessed a pre-market increase of 4.9%, while MicroStrategy (NASDAQ:MSTR), recognized for its substantial Bitcoin holdings, is up 5.2%.
Furthermore, BlackRock’s Bitcoin ETF (NASDAQ:IBIT) saw a 6.6% uptick.
The halving event, a ...