Top cryptocurrencies of the market lifted upward Monday, spurred by top banks’ disclosure of investments in spot Bitcoin ETFs, and a social media post by retail trader “Roaring Kitty” that sent meme coins flying. What Happened: Bitcoin, the most valuable digital asset on the planet, rose above $63,000 after a subdued weekend. The disclosure of spot ETF holdings by banking titans such as Wells Fargo and JPMorgan Chase last week likely acted as the major trigger. About $56 million in positions was wiped out in the last 24 hours, with nearly equal amounts of longs and shorts liquidated. The uptic…
