Let's get a check on cryptocurrencies brought to you by the National Cryptocurrency Association.
We are seeing strength across the board in crypto today. Bitcoin prices above 76,000.
We've been talking a lot about the range where Bitcoin was stuck for a while and now that it seems to be breaking out above that range as we see more of a risk on tenor.
Largely we've seen Bitcoin trading in line with stock prices as we've seen the big rally to new highs for stocks over the past couple of weeks. We have seen crypto prices and particularly Bitcoin prices follow suit.
Um also seeing some of the other cryptocurrencies on the rise today. Ethereum, that breakout a little bit less, you know, it's a little bit less choppy than we have seen in Bitcoin itself.
And then turning over to the crypto related stocks, there a more mixed picture.
I did just see a headline that uh strategies, Bitcoin holdings are now larger than that of Ibit, the big BlackRock uh Bitcoin ETF. A strategy shares have also breaking out broken out this year and they made another big Bitcoin buy that was announced yesterday.
Elsewhere though, uh the likes of Circle trading a little bit lower. Let's go back to intraday to see that movement down by about 3%.