New York, February 27: Bitcoin led a major rally for cryptocurrency prices and related stocks on Tuesday as it bolted above $57,000 for the first time since November 2021, reports said.

Bitcoin on Tuesday morning traded above $57,000 after briefly touching $57,430 -- running further up against its late 2021 levels. The world's largest cryptocurrency jumped nearly 11 per cent over the last 24 hours, according to CoinDesk data, the Investor’s Business Daily reported. Mark Zuckerberg Likely To Meet South Korean Tech Companies and Startups at Seoul To Discuss Cooperation in Fields of Extended Reality and Artificial Intelligence.

In addition, mid-February bitcoin's market capitalisation crossed the $1 trillion mark for the first time in more than two years. Bitcoin is now up 34 per cent so far this year, with most of the gains coming after the spot bitcoin ETF launches in early January. Apple Cancels Its Autonomous EV Project and Likely To Lay Off Hundreds of Employees From Its Car Project Division: Report.

Ethereum surged about 6.8 per cent in the 24 hours to Tuesday morning, trading around $3,280. That's its best level since April 2022. ETH peaked at $3,289 in early Tuesday trade. The No 2 crypto spiked almost 44 per cent in 2024, the report said.

(The above story first appeared on LatestLY on Feb 28, 2024 09:39 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website