Stocks Edge Higher, As Bitcoin Attempts Recovery
05/24/21 AT 12:04 PM
European and US stocks advanced Monday after a mixed session in Asia, while bitcoin tried to rally after a weekend plunge.
London's FTSE 100 index was 0.5 percent higher as trading ended for the day, while the Paris CAC 40 added 0.4 percent.
Muted European exchanges earlier in the day ended with gains after upbeat trading got underway in New York.
Frankfurt was one of a number of exchanges shut owing to a public holiday.
Bitcoin jumped to around $38,000, after dropping again Sunday towards $30,000.
The last time it fell below that level was in January.