Nasdaq hit its first record in nearly two months as most stock sectors rose modestly. Microsoft neared a milestone, GameStop rallied, and cryptocurrencies bounced back after a sharp decline.
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It spent a little more than three months rising exponentially, and it has now spent a little less than three months falling exponentially. This morning it was back to where it started 2021, which was in the $29,000 range. As of right now, it's closer to $33,000. Bitcoin carried over a ton of momentum from 2020 into the first quarter of this year. At the crest of that wave was the public listing of Coinbase Global Inc. on April 14. The cryptoanarchists were at the proverbial gate, and it looked like one big buying opportunity. The same day, bitcoin hit a fresh record near $65,000.
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