Bitcoin Price Jumps, Lifting Crypto Stocks, Despite Retreat From Dayโ€™s Highs

Bitcoin surged in value on Tuesday, extending the largest cryptocurrency's advance even after failing to hold intraday highs.

The digital token was trading at around $33,647 around 5 pm ET, up 6.5% from its level on Monday. Earlier in the day it traded as high as $35,059, its highest intraday level since May 2022.

Cryptocurrency-related stocks also gained, with Coinbase Global (CURRENCY) gaining 6.3% and MicroStrategy (MSTR) up to more than 12%.

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