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
rallied on Friday following encouraging signs from the latest U.S. jobs report, with stocks on track to advance again on Monday.