Bitcoin Price Passes $50,000: What to Watch When the Stock Market Opens Today

Bitcoin is on the rise and stock futures are up, a day after a selloff among major technology firms dragged down broader indexes. Here’s what we’re watching as we get ready for Tuesday’s trading session.

  • Bitcoin’s dollar value cracked $50,000 for the first time in a month, rising 2.2% to $50,120.50 from its 5 p.m. ET level Monday, according to data from CoinDesk. Shares of cryptocurrency companies also gained, with

    Coinbase


    COIN -0.80%

    Global up 1%. Bitcoin mining companies Hut 8 Mining and

    Marathon Digital Holdings


    MARA 1.39%

    added more than 2% each premarket.

Stocks of bitcoin miners were climbing alongside the cryptocurrency.



Photo:

Michael Nagle/Bloomberg News

Chart of the Day
  • Cotton futures are trading at their highest price in about a decade, with growing Chinese demand being met in part by rising U.S. exports to China, a curiosity of Trump-era trade-war policies.

Write to Caitlin Ostroff at caitlin.ostroff@wsj.com

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