Bitcoin price rose on Monday, recovering a measure of losses from last week as sustained capital flows into exchange-traded funds and anticipation of the upcoming “halving” buoyed the world’s largest cryptocurrency. In addition, BlackRock (NYSE:BLK)'s venture into asset tokenization and the initiation of a global central bank easing cycle also contributed to bullish pressure.
Crypto stocks gained in morning trading Monday. MicroStrategy rose 11%; Cleanspark rose 10%; Coinbase, Riot Platforms and Marathon Digital rose 6%; Bit Digital rose 5%.
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