Bitcoin Comeback? Cryptocurrency Briefly Tops $5,000 in Mystery Overnight Surge
Bitcoin prices spiked higher Tuesday, briefly topping the $5,000 mark for the first time in nearly five months, in a move that has left market watchers bewildered by the mysterious surge.
Bitcoin jumped more than 20% in the span of a few minutes during Asia trading hours on the Luxembourg-based Bitstamp exchange, taking prices for the world’s best-know cryptocurrency nearly $950 higher from its opening price to trade at $5,080.00 each, the highest since November 19.
Bank Stocks Surge but Remain Range-Bound
JP Morgan Chase & Co. (JPM) Rises 3.37% for April 01
Among the biggest risers on the S&P 500 on Monday April 01 was JP Morgan Chase & Co. ($JPM), popping some 3.37% to a price of $104.64 a share with some 16.82 million shares trading hands.
Lyft’s Stock Drops Below I.P.O. Price in Second Day of Trading
SAN FRANCISCO — Lyft’s debut on the stock market is off to a bumpy start.The ride-hailing company went public in a blaze of glory on Friday, as its stock jumped 8.7 percent from its initial public offering price of $72 a share.
On Monday, in its second day of trading, Lyft’s stock plunged nearly 12 percent to below $72, closing the day at $69.01.The rapid decline raises questions about investors’ appetite for fast-growing but unprofitable tech companies.