Bitcoin tops $80,000 as Asian stocks near records

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Bitcoin tops $80,000 as Asian stocks near records
Crypto

Bloomberg Business

Bitcoin rose above $80,000 for the first time in more than three months, climbing as much as 1.9% on Monday morning in Singapore to $80,393. The level was the cryptocurrency’s highest since Jan. 31. Other tokens, including Ether, also advanced, showing the move was not limited to Bitcoin. The rally coincided with Asian stocks approaching record highs, linking the crypto move to a broader market upswing. Immediate consequences are market-focused: traders may watch whether the gain holds and whether other tokens keep rising.

Bitcoin reached $80,393 in Singapore trading.

Context

Bitcoin was below $80,000 for more than three months. On Monday in Singapore, it rose to…

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  • Economic IndicatorThe move signals stronger risk appetite…Locked
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