- Major cryptocurrencies and related equities climbed on Monday, with Bitcoin nearing $80,000 and Ethereum reaching a seven-month high.
- The global crypto market capitalization increased by 2.36 % to reach $2.68 trillion, while over $420 million was liquidated in 24 hours.
- Analyst Ali Martinez noted that Bitcoin reclaimed its 1,130-day simple moving average, a historical indicator that previously signaled the start of new bull markets.
- Fundstrat’s Tom Lee named BMNR, MSTR, and COIN as top crypto proxy stocks while identifying the current week as one of Bitcoin’s 10 most important days of the year.
- Lee highlighted BMNR, MSTR, and COIN for their strong correlations to Ethereum and Bitcoin, alongside expectations that Ethereum will outperform this cycle due to tokenization and agentic AI.
- Technical analysis shows BMNR breaking above its 200-day EMA at 22.04 dollars, marking a structural shift in trend despite a stretched RSI reading of 73.73.