Bitcoin Surges Beyond $41,000, Hits 19-Month High Amid Liquidation of Short Positions and Crypto Stock Boom

Bitcoin's price surged beyond $41,000 on Monday, up from the weekend low of under $38,000

[{"selector":"#anim-e46bff3c-9d1f-4b44-b25d-c9bc902b4b4e","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-791f9570-0f1d-435f-965c-563d075f8851","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

Over the past days, more than $120 million in short positions on Bitcoin were liquidated.

[{"selector":"#anim-834fce99-6eac-4e68-a892-e0bff1f0b0bf","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-11aecc62-ccc1-40a5-b7c4-7f74c75cf279","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

Gold, often compared to Bitcoin as a store of value, achieved an all-time high on Sunday.

[{"selector":"#anim-b3cc3313-5fae-4e63-802a-7d96527106f7","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-d99a4dd6-9f1a-4dcd-b294-2282391139d6","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

Crypto-focused stocks, including Coinbase and Microstrategy, experienced significant gains on Monday.

[{"selector":"#anim-18b76140-6f4b-4561-9eaa-a9708f0977c8","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-30acd4fd-1831-4f5a-954d-3bb8ee9520a1","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Learn more