Cryptocurrency News: Cryptocurrency prices traded higher early Monday as bitcoin climbed near $95,000. Meanwhile, Strategy loaded up on more bitcoin. Elsewhere, three new crypto ETFs are expected to launch this week.
Bitcoin on Monday traded around $94,800, slightly off its month high near $95,600 from earlier in the morning. The price of bitcoin rallied overnight from around $93,000 on Sunday.
Ethereum on Monday traded just below $1,800, off its overnight high of $1,827.
Coinbase stock eased less than 1% Monday morning. The iShares Bitcoin Trust ETF ticked down slightly.
Strategy stock rose a fraction on Monday. Chairman Michael Saylor on Monday morning announced that Strategy acquired another 15,355 bitcoin for about $1.42 billion, or $92,737 per share. As of April 27, Strategy holds 553,555 bitcoin acquired for $37.90 billion, or about $68,459 per bitcoin.
Meanwhile, XRP, the token used for Ripple's payment platform, rose about 3% over the past 24 hours to trade around $2.30 on Monday. The price surge comes as exchange-traded funds issuer ProShares Trust plans to launch three XRP ETFs on April 30. The three leveraged funds will track the price of XRP tokens through futures, but won't involve direct ownership. The funds include the Ultra XRP ETF, Short XRP ETF and Ultra Short XRP ETF. The SEC hasn't issued any objections to the ETFs, allowing ProShares to proceed with the launches, Barron's reported.
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Bitcoin on Jan. 20 hit a record high above $109,000. The world's largest cryptocurrency rebounded about 157% in 2023, and soared about 119% in 2024. Bitcoin is up about 1% so far this year.
Ethereum on Dec. 16, hit a high of $4,106 to top its previous 52-week high from March 2024. The No. 2 cryptocurrency tumbled 46% in 2025. Ethereum advanced about 46% in 2024, but remains well below its November 2021 peak above $4,800.
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Digital asset investments are extremely volatile. While cryptocurrency's fundamentals and technical indicators may differ, investors should focus on the same key objectives. First, stay protected by learning when it's time to sell, cut losses or capture profits. Second, prepare to profit if the cryptocurrency starts to rebound.
Despite their original promise, cryptocurrencies haven't acted as hedges against inflation. Instead, they've trended with the broader indexes. Read The Big Picture and Market Pulse to track daily market trends.
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