Bitcoin is back in the news as its price briefly rose above the symbolic $50,000 (about £39,449) mark on Monday, where it remained until Tuesday morning.
Although these levels have not been reached since late 2021, inflows are largely due to the recent approval of the Spot Bitcoin ETF offering and the expected Bitcoin halving event in April.
Shares rose about 4.2% by late morning in London, peaking at just under $50,000.
Ethereum (ETH-USD), the second-largest crypto asset by market capitalization, also traded up about 7.6%.
Shares in chipmaker ARM continued to rise, surging nearly 30% during U.S. trading on Monday after the company reported better-than-expected third-quarter profits last Wednesday and revised its fourth-quarter outlook upward.
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The company said it expects sales for the current quarter to be at least $850 million, beating analyst expectations.
The positive outlook has sparked a surge in Arm shares, with shares up nearly 50% in total since the earnings release.
Mr Tui was one of the winners on Tuesday for the FTSE 250 index, which rose more than 3% after a series of results that impressed investors. The budget travel company posted a surprise profit in the Christmas quarter, posting record profits.
News has emerged that the dual-listed company could exit London in the coming months as investors push for a solo listing in Frankfurt.
TripAdvisor (TRIP)
Elsewhere in the travel industry, travel agency TripAdvisor has formed a committee to consider a sale. The stock is trading approximately 11.8% higher pre-market.
The company announced the creation of a special committee comprised of independent directors from TripAdvisor's board of directors. The task force's mandate is to evaluate any proposals that may be submitted for a potential transaction, the company said.
Video: Bitcoin rally has 'room to run' after $50,000 push: Strategist
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