What To Know: Bitcoin crossed the $40,000 level over the weekend and has continued to trend higher to start the week. Bitcoin is now up more than 5% over a 24-hour period, adding to gains of nearly 13% over the last week.
New reports also suggest that expectations for rate cuts from the Federal Reserve in 2024 could be helping fuel some of the recent rally in the crypto space.
At a fireside chat on Friday, Fed chairman Jerome Powell said it’s too early to talk about cutting interest rates, but acknowledged that he's forecasting a slowdown in spending growth next year, which gave rise to expectations that the Fed is probably done hiking rates for now.
See Also: Crypto Analyst Predicts Bitcoin To Surge To $200,000 By 2025
CLSK, BITF Price Action: At publication time, Cleanspark shares were up 22.2% at $9.36 and Bitfarms shares were up 16.3% at $1.94, according to Benzinga Pro.
Photo: Eivind Pedersen from Pixabay.
© 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
To add Benzinga News as your preferred source on Google, click here.
