Share this article
Bitcoin Climbs Past $40K for First Time Since Mid-June
Market analysts say Monday's price gains accelerated amid a short squeeze.
Updated Sep 14, 2021, 1:31 p.m. Published Jul 26, 2021, 7:24 p.m.
Bitcoin's notorious volatility was enriching bulls on Monday.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
The bitcoin price has climbed 17% over the past 24 hours to clear $40,000 for the first time since mid-June.
The largest cryptocurrency by market value, which dipped below $30,000 as recently as last week, has now climbed for a sixth straight day.
Analysts in digital-asset markets attributed the latest climb in part to a short squeeze: Traders who had previously bet on further price declines scrambled to get out of their positions, while others were liquidated due to margin calls.
So far in 2021, bitcoin is up 38%. That's more than double the 18% year-to-date gain in the Standard & Poor's 500 Index of large U.S. stocks.
More For You
L1 tokens broadly underperformed in 2025 despite a backdrop of regulatory and institutional wins. Explore the key trends defining ten major blockchains below.
What to know:
2025 was defined by a stark divergence: structural progress collided with stagnant price action. Institutional milestones were reached and TVL increased across most major ecosystems, yet the majority of large-cap Layer-1 tokens finished the year with negative or flat returns.
This report analyzes the structural decoupling between network usage and token performance. We examine 10 major blockchain ecosystems, exploring protocol versus application revenues, key ecosystem narratives, mechanics driving institutional adoption, and the trends to watch as we head into 2026.
More For You
Bitcoin slips below $88,000 as traders brace for $28.5 billion Deribit options expiry
Crypto continues to lose ground ahead of this week's record options expiration, while defensive positioning and thinning liquidity suggest caution into 2026.
What to know:
- Bitcoin and crypto prices moved steadily lower in U.S. Monday afternoon trading.
- Over $28.5 billion in bitcoin and ether options are set to expire Friday on derivatives exchange Deribit, the largest expiry in its history.
Top Stories
