Bitcoin tops $71,000, Reddit to raise nearly $750M in IPO: Yahoo Finance Live

Yahoo Finance Video

Mon, Mar 11, 2024, 7:30 AM

In this article:

Another busy week on Wall Street kicks off with bitcoin (BTC-USD) taking center stage once again. The cryptocurrency surged above $71,000 this morning, pushing its YTD gains up over 70%+. The latest run came after UK regulators signaled they were open to crypto exchange-traded products. On Wall Street, Reddit has revealed plans to raise nearly $750 million in its upcoming IPO. The company plans to issue around 22 million shares in the range of $31-$34/share. Reddit plans to set aside nearly 1.8M shares for users. Yahoo Finance trending tickers include Coinbase (COIN), MicroStrategy (MSTR), and CleanSpark (CLSK).

Key guests include:
9 a.m. ET - Brian Belski, BMO Capital Markets Chief Investment Strategist
10:15 a.m. ET - Marion Laboure, Deutsche Bank Senior Economist
11 a.m. ET - Dave Smith, Rockland Trust Chief Investment Officer

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Bitcoin tops $71,000, Reddit to raise nearly $750M in IPO: Yahoo Finance Live

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