Markets
DOW
S&P 500
NASDAQ
Hot Stocks
Fear & Greed Index
----- is driving the US market
Latest Market News
----- is driving the US market
Something isn't loading properly. Please check back later.
Ad Feedback
Ad Feedback
By Allison Morrow, CNN
2 minute read
Published 10:36 AM EST, Mon January 16, 2023
Video Ad Feedback
Actor rips crypto as 'largest Ponzi scheme in history'
03:13 - Source: CNN
Top business news 16 videos
Video Ad Feedback
Actor rips crypto as 'largest Ponzi scheme in history'
03:13
Now playing
- Source: CNN
Video Ad Feedback
Macy's downsizing stores to reinvest in luxury retail
01:06
Now playing
- Source: CNN
Video Ad Feedback
How this new methane satellite will hold government and companies accountable
02:07
Now playing
- Source: CNN
Video Ad Feedback
CNN reporter tries Starbucks' unconventional new latte flavor
01:04
Now playing
- Source: CNN
Video Ad Feedback
'Shark Tank' star says Trump engaged in regular behavior for real estate development
01:24
Now playing
- Source: CNN
Video Ad Feedback
This water bottle TikTok sensation is now facing scrutiny
03:05
Now playing
- Source: CNN
Video Ad Feedback
Watch McDonald's customers criticize the high food prices
02:11
Now playing
- Source: CNN
Video Ad Feedback
The newest financial TikTok trend is the opposite of 'quiet luxury'
02:56
Now playing
- Source: CNN
Video Ad Feedback
Apple's new headset just dropped: Will you pay $3,500?
03:25
Now playing
- Source: CNN
Video Ad Feedback
Zuckerberg apologizes to families during Senate hearing
02:02
Now playing
- Source: CNN
Video Ad Feedback
Musk startup implanted a brain chip into a human. Gupta explains how it works
02:02
Now playing
- Source: CNN
Video Ad Feedback
Restaurant offered subscriptions for date nights. It sold out in 60 seconds
01:19
Now playing
- Source: CNN
Video Ad Feedback
Could space be the next platform for war? Hear what NASA official thinks
02:40
Now playing
- Source: CNN
Video Ad Feedback
See Tetris president's reaction after 13-year-old appears to break the game
00:55
Now playing
- Source: CNN
Video Ad Feedback
Treasury secretary on economy: Pessimism has proven unwarranted
03:09
Now playing
- Source: CNN
Video Ad Feedback
13-year-old dumbfounded after appearing to beat classic video game
00:45
Now playing
- Source: CNN
New York CNN —
The bitcoin bulls are back.
After getting pummeled by losses for the better part of last year, bitcoin and other cryptocurrencies are rallying in 2023, prompting speculation that the so-called crypto winter — the digital asset world’s equivalent of a bear market — is over.
Bitcoin, the world’s most popular crypto, is up 25% over the past month, hovering above $20,000 for the first time since November, when the implosion of Sam Bankman-Fried’s trading platform FTX sent shock waves through the industry. Ethereum, the No. 2 crypto, is up more than 30% over the past month, trading above $1,500 on Monday.
“Wall Street is very confident that the end of the Fed’s tightening cycle is upon us and that is providing some underlying support for crypto,” wrote Ed Moya, a senior market analyst at Oanda, on Friday. “Unless we hear some strong hawkish pushback from the Fed or if commodity prices surge, crypto traders should not be surprised if Bitcoin is able to extend its recent gains.”
Bitcoin peaked more than a year ago, in November 2021, just shy of $69,000. Two months ago, as FTX contagion gripped the digital asset market, bitcoin plummeted to a two-year low of $15,480.
While US stock and bond markets are closed Monday in observance of Martin Luther King, Jr. Day, cryptocurrencies trade 24 hours a day, seven days a week.
Ad Feedback
CNN Business Videos
Ad Feedback
Ad Feedback