U.S. Stock Market Update: Bitcoin surges above $65,000 milestone, MicroStrategy rises over 14%.
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On Monday, some Bitcoin-related stocks rose. As of the time of publication, Canaan surged over 1.5%, Coinbase over 6%, MicroStrategy over 14%, and Marathon Digital over 4%. Bitcoin surged past the $65,000 mark, the first time since November 2021. The core factor driving the rise of Bitcoin is the seemingly endless demand for the Bitcoin spot ETF listed in the United States, which started trading on January 11. Bitcoin has risen by about 186% in the past 12 months.
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