Bitcoin Price Passes $50,000: What to Watch When the Stock Market Opens Today

Bitcoin Price Passes $50,000: What to Watch When the Stock Market Opens Today

Bitcoin is on the rise and stock futures are up, a day after a selloff among major technology firms dragged down broader indexes. Here’s what we’re watching as we get ready for Tuesday’s trading session.

Bitcoin’s dollar value cracked $50,000 for the first time in a month, rising 2.4% to $50,207.72 from its 5 p.m. ET level Monday, according to data from CoinDesk. Shares of cryptocurrency companies also gained, with Coinbase Global up 1.6%. Bitcoin mining companies Hut 8 Mining and Marathon Digital Holdings added more than 3% each premarket.

Facebook ‘s shares are up 1.4% premarket after the social media company restored services that went offline for as much as six hours Monday in an extended outage that disrupted access for users and businesses around the world. Facebook whistleblower Frances Haugen is set to testify before Congress on Tuesday.

Shares of Amplify Energy rose more than 7% premarket Tuesday after losing nearly half their value Monday. Amplify, a Houston-based oil and natural-gas company, said it has shut down all of its production