Japan Delivers a Major Announcement! Bitcoin Surges Back Above $110,000 as Crypto-Related Stocks Rally Across the Board
#NFT and Cryptocurrency# FX168 Financial News Agency (Asia-Pacific) reported that Bitcoin prices surged on Monday (October 20), breaking back above the US$110,000 mark. This boosted cryptocurrency-related stocks, with Yahoo Finance noting that it has reignited hopes that the market volatility this month is merely a temporary hiccup rather than a sign of cyclical change.
(Bitcoin Year-to-Date Chart Source: Yahoo Finance)
Linh Tran, market analyst at online broker XS.com, wrote on Monday: ‘Bitcoin is currently in a phase of re-accumulation following a short-term adjustment, with market sentiment stabilizing and institutional demand remaining resilient.’
As Bitcoin prices rose, Strategy’s shares climbed more than 2% on Monday. In its latest…
