00:00It's Benzinga, bringing Wall Street to Main Street
00:02Bitcoin rose above $85,000 on Monday, as the cryptocurrency extended a sharp rally that
00:08has lifted it more than 7% over the past five days and nearly 35% over three months.
00:15Bitcoin reached $85,229 earlier in the session, its highest level since late January, before
00:22trading around $84,256.
00:26Bitwise CIO
00:27Matt Hogan told Squawk Box Europe that he believes the crypto winter is over and expects prices
00:33to eventually surpass their previous highs.
00:35He pointed to increased blockchain transactions and involvement from major firms as improving
00:40fundamentals.
00:41BT IG analysts said Bitcoin could target $90,000 if the $75,000 level holds.
00:48Crypto-related stocks including Strategy and Coinbase also rose in U.S. pre-market trading.
00:53For all things money, visit Benzinga.com.
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