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Bitcoin Breaks Through $47,000, Hitting 20-Month High

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Summary: Boosted by sentiment about the approval of the U.S. spot Bitcoin ETF, Bitcoin exceeded $47,000 during Monday’s U.S. stock trading session, hitting a nearly 20-month high. The last time BTC traded above $46,000 was in April 2022. Crypto-related stocks also rose in response. Coinbase edged up nearly 2%, Iris Energy and Marathon Digital gained more ...

Boosted by sentiment about the approval of the U.S. spot Bitcoin ETF, Bitcoin exceeded $47,000 during Monday’s U.S. stock trading session, hitting a nearly 20-month high. The last time BTC traded above $46,000 was in April 2022.

Crypto-related stocks also rose in response. Coinbase edged up nearly 2%, Iris Energy and Marathon Digital gained more than 7%, Riot Platforms gained 6% and CleanSpark gained 5%.

The SEC may approve or reject the ETF on Wednesday, and industry experts widely expect the agency to approve all applications at the same time to level the playing field.

By Mary Liu

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