Bitcoin Nears $75, 000 After Six‑Week Rise

Bitcoin climbed past $74,500 on Monday—its highest level since early February—and broke a six‑week trading range. The rally lifted sentiment for riskier crypto tokens and pushed Bitcoin’s price almost 25 % higher than its February low of $60,000.
While the spike echoes 2022 rebounds, those earlier rallies never reached today’s level.

Ripple Effect on Altcoins

• Ether: +7 %
• Solana: +7 %
• Cardano: +7 %

Investors are again diversifying beyond Bitcoin.

Broader Market Impact

• Nasdaq & S&P 500: Up over 1 % in early trading
• Crude Oil Futures: Fell ~4 % after a brief surge above $100 per barrel amid Middle East tensions
• Oil Concerns: Eased as the Strait of Hormuz appeared calmer; Pakistani tankers crossed, indicating traffic was not fully halted

Crypto‑Related Shares Rally

• Circle: +6 %
• Strategy: +5 %
• Coinbase: +3 %

AI Infrastructure Deal

Nebius secured a five‑year contract with Meta worth up to $27 billion, providing AI compute power. The deal includes $12 billion of dedicated capacity across several sites, utilizing NVIDIA technology.

• Nebius Stock: +13 %
• Meta Shares: +2.5 %

Bitcoin‑Related Companies

• IREN: +6 %
• Galaxy Digital: +8 %
• Cipher Mining: +7 %

These developments signal growing optimism in both the crypto markets and AI technology sectors.