Bitcoin climbed above $20,000 for the first time since Oct. 6 as Coinbase shares climbed over 12%.
Ether also rose past $1,500, along with TradingView’s crypto total market cap index, which was up by more than 6% as of publication time.
Except for momentary peaks, Bitcoin has generally been trading under $20,000 since late August. Bitcoin was trading at $20,298 and ether at $1,495 at 3 pm ET.
Traditional markets climbed during Tuesday’s trade, with the S&P 500 up 1.38%, Nasdaq up 1.99% and Dow Index up 0.88%.
Crypto stocks were also buoyed by today’s market performance. Coinbase shares were trading at around $74.30.
© 2022 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Sourced from www.theblock.co.
Written by on 2022-10-25 19:07:42.