Live updates: Bitcoin tops $63,000 as Strategy launches $100 million BTC in latest purchase
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Risk assets broadly bounced on Monday following Friday's shellacking, but slipped from session highs during afternoon hours.
Key facts
After climbing past $64,000 in the morning, bitcoin (BTC) was trading at $63,300, or up 3% over the past 24 hours, as U.S. stocks closed for the day
It's high-yielding preferred series, STRC, which plunged to as low as $91 last week, rebounded back to $96.85
The Nasdaq closed higher by 1.6% after being up closer to 2.5% earlier in the session
Michael Saylor's Strategy (MSTR), which last week helped set off the cascade lower in crypto prices after announcing a small sale of bitcoin, gained 5.6% Monday after announcing the purchase of 1,550
Summary
After climbing past $64,000 in the morning, bitcoin (BTC) was trading at $63,300, or up 3% over the past 24 hours, as U.S. stocks closed for the day. The Nasdaq closed higher by 1.6% after being up closer to 2.5% earlier in the session. Michael Saylor's Strategy (MSTR), which last week helped set off the cascade lower in crypto prices after announcing a small sale of bitcoin, gained 5.6% Monday after announcing the purchase of 1,550 bitcoin. It's high-yielding preferred series, STRC, which plunged to as low as $91 last week, rebounded back to $96.85.