Bitcoin Surges Above $54,000

Markets are kicking off the week firmly in the green as Bitcoin trades above $54,000 for the first time since early December 2021.

The world’s most valuable cryptocurrency has rallied almost 30% in the past month on the back of continued inflows into spot Bitcoin ETFs, with investors adding nearly half a billion dollars on Thursday and Friday alone.

Investor sentiment was further buoyed after longtime Bitcoin bull Michael Saylor revealed that Microstrategy purchased another $155 million worth of BTC last week.

Meanwhile, Ether rallied to a new yearly high of $3,166 and is currently changing hands for $3,130.

Solana’s SOL bounced sharply off the overnight low and is up nearly 9% in the past few hours.

Other notable movers include Polygon’s MATIC, which rallied 9% to a two-month high of $1.07.

Lido’s LDO, ApeCoin and NEAR are also up between 8% and 10% on the day.