Crypto Stocks Rise After White House Meeting
Listen to the story
Crypto stocks went up a lot on Monday. This happened after a good meeting at the White House.
Bitcoin is a type of digital money. Its price went past $71,000.
A company called Strategy saw its stock rise by 9%. Another company, Bitmine, went up 7%.
Coinbase is a big company for buying and selling crypto. Its stock jumped 6%.
A short squeeze also helped push Bitcoin's price higher. This means people had bet the price would fall, but it did not. So they had to buy Bitcoin fast.
The short squeeze was worth $3.3 billion. This is a very big number.
News from the White House made investors feel good about crypto. This is why the stocks and Bitcoin went up together.
Vocabulary15 words
- crypto
- digital money like Bitcoin
- stock
- a small part you can own in a company
- White House
- the place where the US president works
- Bitcoin
- the most famous kind of digital money
- Strategy
- the name of a company
- Bitmine
- the name of a company
- Coinbase
- a big company where people buy and sell crypto
- short squeeze
- when people must buy fast because they bet wrong on a price fall
- investor
- a person who puts money into something to make more money
- billion
- a thousand million; a very big number
- meeting
- when people come together to talk
- rise
- to go up
- jump
- to go up fast
- digital
- using computers, not paper or metal
- price
- how much something costs
Quiz
Answer key
1. They surged 2. $71,000 3. True
Fill-in-the-blank listening
Play the audio again and fill in the missing words as you listen.
Crypto stocks went up a lot on Monday. This happened after a good meeting at the _____.
_____ is a type of digital money. Its price went past $71,000.
A company called _____ saw its stock rise by 9%. Another company, _____, went up 7%.
_____ is a big company for buying and selling crypto. Its stock jumped 6%.
A _____ also helped push Bitcoin's price higher.
The short squeeze was worth $3.3 _____.
News from the White House made _____ feel good about crypto.
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