Bitcoin Nears $75, 000 After Six‑Week Rise

Bitcoin climbed past $74, 500 on Monday, the highest level since early February. The move broke a six‑week trading range and lifted mood for riskier crypto tokens. Bitcoin’s price is almost 25 % higher than its February low of $60, 000. That jump echoes rebounds seen in 2022, but those earlier rallies stopped short of the current level. Smaller coins followed suit. Ether, Solana and Cardano each gained more than 7 % in the last day. Investors seem ready to spread money beyond Bitcoin again. U. S. stocks also advanced after a recent dip. The Nasdaq and S&P 500 rose over 1 % in early trading, while oil prices fell. Crude futures dropped about 4 % after a brief rise above $100 per barrel amid Middle East tensions. Oil concerns eased slightly as the Strait of Hormuz, a key shipping route, appeared calmer.The U. S. called for international help to secure the waterway, and some Pakistani tankers crossed it, indicating traffic was not fully halted. Crypto‑related shares moved higher too. Circle gained 6 %, while Strategy and Coinbase rose about 5 % and 3 %. An AI infrastructure deal added to the upbeat tone. Nebius signed a five‑year contract with Meta worth up to $27 billion, supplying AI compute power. The partnership involves $12 billion of dedicated capacity across several sites and uses NVIDIA technology. Nebius stock jumped 13 % after the announcement, Meta rose 2. 5 %. Bitcoin‑related companies also climbed: IREN up 6 %, Galaxy Digital 8 %, and Cipher Mining 7 %. These developments suggest optimism in both crypto markets and AI technology sectors.