Crypto Prices Rise

Benzinga

Bitcoin jumped to a two-month high near $98,000 as optimism over U.S. crypto legislation lifted digital assets and crypto-related stocks despite broader market weakness.

Transcript

00:00It's Benzinga, bringing Wall Street to Main Street.

00:03Bitcoin rallied to a two-month high on Wednesday as stocks and oil declined amid geopolitical

00:08tensions and a pending Senate vote on cryptocurrency legislation, according to Benzinga.

00:13Bitcoin climbed to $97,860, extending year-to-date gains beyond 10% ahead of the Senate Banking

00:22Committee's debate on a market structure bill. Ethereum consolidated near $3,300,

00:28while XRP and Dogecoin fell. Crypto-related stocks rose, with strategy gaining 3.66%

00:35and Coinbase Global adding 1.25%. More than $380 million was liquidated across crypto markets,

00:43led by short positions. Bitcoin open interest increased 2.76% while sentiment shifted to greed.

00:51Global crypto market capitalization reached $3.28 trillion.

00:54For all things money, visit Benzinga.com.

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