Bitcoin hit news highs of over $44,000 per coin on Monday before paring gains. The rise in digital asset prices is driving crypto-related stocks to huge price
Dow, S&P 500 close at record highs as stimulus optimism continues
Emily GraffeoFeb 9, 2021, 03:17 IST
Traders work on the floor of the New York Stock exchangeSpencer Platt/Getty Images
All three major indexes closed at record highs on Monday as investors remain optimistic for a robust stimulus package.
Oil prices hit their highest level in over a year as an expected recovery in demand brightened a recently grim outlook for the industry.
Bitcoin soared 16% to all-time-highs of $44,795.20 as Tesla invested in the cryptocurrency.
All three major indexes closed at record highs on Monday as investors remain hopeful falling coronavirus cases and a robust stimulus package from the Biden administration will bolster the economic recovery in the coming months.
You have successfully joined our subscriber list.
Cryptocurrency trader Scott Melker stated that technical analysis supports the prediction that Bitcoin may soon surge to $63,000.
The total crypto market value after taking a nosedive for a couple of weeks took a swift turn to record an all-time high value of above $1.21 trillion on February 6, 2021. These huge gains were largely contributed by the Bitcoin price after it nearly broke its all-time high of around $42,000 set in January 2021.
Ethereum supported the movement with an incredible performance after gaining over 20% in the last 7 days to hover within the $1700 price zone. Dogecoin was very involved with a 106% gain in the last 7 days taking its market cap to over $7 billion.