Crypto stocks surge as bitcoin hits fresh 2023 high

From channelnewsasia.com

Cryptocurrency-related stocks listed in the U.S. surged on Monday, looking to extend their strong November gains, as bitcoin topped $42,000 to hit a fresh high for the year. The world's biggest cryptocurrency, Bitcoin climbed 4.0 per cent to $41,598.0 - its highest point since April 2022 - riding a wave of enthusiasm about potential interest rate cuts in the U.S. as well as traders betting on the imminent approval of U.S. stock market-traded bitcoin funds. The cryptocurrency hit a session high of $42,162. "The impact of an (ETF) approval is going to be big in terms of investment appetite because it's going to be more ... (full story)