Bitcoin Soars Past $57K as Crypto Rally Resumes, Boosting Coinbase and Miners
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Bitcoin jumped above $57,000 for the first time since 2021, leading a major rally for crypto prices. Bitcoin's market cap crossed $1 trillion.
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New spot bitcoin ETFs saw record $2.4 billion trade volume on Monday. BlackRock’s iShares Bitcoin Trust accounted for over half.
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Coinbase stock surged over 25% after blowout earnings, breaking a downtrend. It serves as custodian for several new bitcoin ETFs.
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Bitcoin mining stocks Marathon Digital and Hut 8 rallied over 20% each amid the bitcoin price surge.
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CleanSpark shares jumped 24% Monday, extending 2023 gains past 80% year-to-date.