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The Price of Bitcoin Rises Above $31,000


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The price of bitcoin rose above $31,000 Monday, touching its highest level since May 2022.

Bitcoin traded at about $31,574 at 5 p.m. ET Monday, up 6.7% from its level at 5 p.m. ET Friday. The digital currency has gained 91% this year, according to Dow Jones Market Data.

Bitcoin-related assets also rose to start the week. Shares of Coinbase Global, which is slated to report third-quarter earnings next Thursday, gained more than 3%. Shares of Bitcoin miners Marathon Digital and Riot Platforms jumped.

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