Bitcoin
and other cryptocurrencies were rising Monday. Crypto traders continue to anticipate a significant move after a stagnant start to 2023, and this week holds catalysts that could usher in volatility.
The price of Bitcoin has jumped 2% over the past 24 hours to $17,250 with the largest digital asset surging above the $16,500 to $17,000 trading range that has dominated for much of the past month. Bitcoin was buoyed by its correlation to the stock market, after the
Dow Jones Industrial Average
and
S&P 500
rallied on Friday following encouraging signs from the latest U.S. jobs report, with stocks on track to advance again on Monday.
