Key Points
Representations of cryptocurrencies are seen in front of displayed words "Cryptocurrency market" and decreasing stock graph in this illustration taken November 10, 2022..
Dec 4 (Reuters) - Cryptocurrency-related stocks listed in the U.S. surged on Monday, looking to extend their strong November gains, as bitcoin topped $42,000 to hit a fresh high for the year...
The world's biggest cryptocurrency, Bitcoin climbed 4.0% to $41,598.0 - its highest point since April 2022 - riding a wave of enthusiasm about potential interest rate cuts in the U.S. as well as traders betting on the imminent approval of U.S. stock market-traded bitcoin funds...
The ProShares Bitcoin Strategy ETF , which tracks bitcoin futures, rose 7.4% and looked set to touch an over one-year high, while the ProShares Short Bitcoin Strategy ETF that allows traders to bet on a fall in bitcoin futures fell 7.2%...
Investor sentiment toward cryptocurrencies and related assets had been lukewarm earlier this year after a string of high-profile collapses in 2022 led to outflows of more than a trillion dollars from the sector...
