Bitcoin (BTC) fell back a bit after taking a shot at the $67,000 level about an hour ago, but is still holding just above $66,000, ahead 3.3% over the past 24 hours.
A bit more than 30 minutes into their trading day, U.S. stocks are posting big gains, the Nasdaq up 2.5% and S&P 500 up 1.6%.
After its strong debut session on Friday, SpaceX (SPCX) is higher by another 8% early Monday to $173.70.
Crypto-related stocks are green across the board, with Strategy (MSTR) higher by 7.6%, Coinbase (COIN) up 6.8%, and Circle Financial (CRCL) ahead 10%.
Bitcoin (BTC) has bounced from recent lows to trade above $65,000, a level which represents a significant concentration of open interest in both calls and puts, making it a structurally important zone for the market, according to analytics firm Glassnode.
This makes dealer hedging flows more supportive of stability. Market makers adjusting their positions to manage risk often creates a natural stabilizing effect around the cluster.
Following a period of elevated volatility, this dynamic can help the market consolidate and reduce sharp swings.
"As price moves into these zones, dealer hedging flows can become more supportive, helping stabilize the market after a period of elevated volatility," Glassnode said on X.
Strategy (MSTR) bought another 1,587 bitcoin for about $100 million last week at an average of $63,024, lifting its holdings to 846,842 BTC, according to a Monday filing.
It also raised its USD reserve by $100 million to $1.1 billion.
The company funded both by issuing stock, taking in $209 million through its at-the-market program rather than touching its bitcoin or its cash cushion.
The moves follow Strategy's first bitcoin sale in four years on June 1, when it sold 32 coins to cover preferred dividends.
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