Cryptocurrencies climbed on Tuesday, buoyed by late-day optimism about the Securities and Exchange Commission’s decisions on spot ether exchange-traded fund applications, the first of which is due this week.
Ether led the rise, increasing by 9% to $3,680.98, It surged over 20% on Monday.
Meanwhile, bitcoin rose 2% to at $71,350, extending its 8% rise from the previous day when it recovered the $70,000 barrier.
Crypto-related stocks benefited from the surge. Coinbase and Microstrategy each gained roughly 2% in extended trade, while Robinhood increased by 3%.
Several bitcoin mining stocks increased by 3%, including Marathon Digital, Riot Platforms, Iren (previously Iris Energy), and CleanSpark.
Source (CNBC)
