On Monday, Bitcoin and cryptocurrency-related stocks continued last week’s upward momentum. Amid growing investor concerns over inflation and fiscal deficits, the flagship cryptocurrency broke out of its previous trading range, with prices continuing to rise.
Zhitong Finance APP learned that on Monday, Bitcoin and cryptocurrency-related stocks extended last week’s gains. As investor anxiety over inflation and fiscal deficits intensified, the flagship cryptocurrency breached its prior trading range, sustaining its price rally.
Bitcoin rose more than 1% on the day, approaching the $80,000 mark for the first time since May; Ethereum climbed 2% to approximately $2,470, nearing a phase high not seen since January.
Cryptocurrency holding…
