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Bitcoin Price Passes $50,000: What to Watch When the Stock Market Opens Today

Bitcoin is on the rise and inventory futures are up, a day after a selloff amongst main know-how companies dragged down broader indexes. Right here’s what we’re watching as we prepare for Tuesday’s buying and selling session.

  • Bitcoin’s greenback worth cracked $50,000 for the primary time in a month, rising 2.2% to $50,120.50 from its 5 p.m. ET degree Monday, in keeping with knowledge from CoinDesk. Shares of cryptocurrency firms additionally gained, with

    Coinbase


    COIN -0.80%

    World up 1%. Bitcoin mining firms Hut 8 Mining and

    Marathon Digital Holdings


    MARA 1.39%

    added greater than 2% every premarket.

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Shares of bitcoin miners had been climbing alongside the cryptocurrency.



Picture:

Michael Nagle/Bloomberg News

Chart of the Day
  • Cotton futures are buying and selling at their highest price in about a decade, with rising Chinese language demand being met partly by rising U.S. exports to China, a curiosity of Trump-era trade-war insurance policies.

Write to Caitlin Ostroff at caitlin.ostroff@wsj.com

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