Why Ebang International's Shares Popped 22.2% on Monday

Shares of Ebang International Holdings (NASDAQ: EBON) rose as much as 22.2% in early trading on Monday on some positive news about Bitcoin (CRYPTO: BTC). Shares settled as the day went on and closed 8.6% higher. 

Ebang launched the beta phase of a cryptocurrency exchange today with plans to expand to a wider audience next month. It didn't hurt that late on Sunday, Bitcoin was trading over $60,000, although it's fallen since then and is now about $56,500. 

Image source: Getty Images.

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Source Fool.com