To The Moon

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 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.Meanwhile, crypto exchange Coinbase's shares ended 3.7% higher to $147.31, while MicroStrategy's shares finished up 11% at $717.52. Crypto miner Riot Platforms's stock finished 9.4% higher at $15.92, and Marathon Digital Holdings's shares ended 14.2% higher at $27.28. Ebang International Holdings's shares rose 7.9% to $11.11.Meanwhile, some investors are also seeking bitcoin as a potential safe haven amid geopolitical uncertainty, Connors said in an interview.Connors is now eyeing a range of $60,000 to $65,000 for