This summary text is fully AI-generated and may therefore contain errors or be incomplete.
The price of Bitcoin (BTC) has surged above $42,000 for the first time since April 2022, reaching a level not seen since before the Terra crash. At the same time, Ether (ETH) has surpassed $2,200. After hovering around the $40,000 mark in recent days, Bitcoin finally broke through on Monday, trading above $41,600 at the time of this publication, representing a 6% increase in 24 hours. Ether was trading around $2,240, showing a similar percentage gain.
This upward movement has also led to a rise in cryptocurrency stocks. Crypto exchange Coinbase (COIN) saw a nearly 9% jump in pre-market trading, as did Microstrategy (MSTR). Cryptocurrency miners such as Marathon Digital (MARA) and Riot (RIOT) experienced gains of over 10%. However, the other top 10 cryptocurrencies by market capitalization had smaller gains, and the BNB (BNB) coin, affiliated with the Binance exchange, saw little change.