top of page

Bitcoin Surges Past $42,000 Even as Stocks and Bonds Take a Hit

Sunil Jagtiani and Suvashree Ghosh

Dec 3, 2023

The stock market had a rough Monday following several weeks of strength. It was a similar story in the bond market. And gold did a U-turn after climbing to a new record above $2,100 an ounce.

Yet in the digital-assets market, Bitcoin held firm following a weekend rally that took the oldest token above $42,000 for the first time in 19 months as frenzied speculation in cryptocurrencies extended its rally to more than 150% this year.

bottom of page