Major virtual asset prices are rising across the board as U.S. stocks climb on the strength of tech shares.
As of 8:08 a.m. on the 24th, on CoinMarketCap, a global coin price-tracking site, bitcoin was up 2.32% from 24 hours earlier at $109,894. Ethereum, the No. 2 by market cap, was up 2.06% at $3,848. Ripple (XRP), No. 5 by market cap, was up 1.91% at $2.39, and Solana, No. 6 by market cap, was surging 6.15% to $190.
This is seen as due to a broad advance in U.S. markets led by a rally in tech stocks. On the day, the Dow rose 0.31%, the S&P 500 0.58%, and the Nasdaq 0.89%.
On the day, the Wall Street Journal (WSJ), a leading U.S. business daily, reported that the Trump administration, citing national security, had decided to invest in quantum stocks and was contacting related firms, sending quantum stocks sharply higher across the board. As quantum stocks spiked, tech shares climbed as well.