Bitcoin price soared to a new high for the first time in 19 months, since before the collapse of the crypto stablecoin in May 2022.
The anticipation of the bull market has helped push some coins to greater heights.
According to crypto derivative data analysis platform Coinglass, more than $109 million in Bitcoin short positions have been liquidated in the past 24 hours.
Gold also has reached an all-time high, above $2,115, in recent days.
On X (formerly Twitter), El Salvador President Nayib Bukele announced Monday that the country’s Bitcoin holdings are now in the black in dollar terms.
“Of course, we have no intention of selling; that has never been our objective,” Bukele said in the X posting Monday. “We are fully aware that the price will continue to fluctuate in the future, this doesn’t affect our long-term strategy.”
Shares of crypto exchange Coinbase (COIN) rose more than 5% Monday, and Microstrategy (MSTR) gained by 7% since Friday’s close.
