Ethereum, the second-largest cryptocurrency by market capitalization, surged more than 8% to $2,587 on Monday.
During Monday's trading hours, stock indices around the world surged, as US fiscal stimulus was expected to boost the global economy.
On Monday, OECD stated that the organization would raise its global growth forecast due to coronavirus vaccination and US fiscal stimulus.
During Monday's Asian trading hours, stock indices in Asia surged and extended their rally into a third week.
On Monday, Nestle announced that due to receiving bad feedback in regards to unhealthy nutrition the company would change its strategy.
During Monday's US trading hours, the price for Ethereum recovered, as a 5% surge occurred.
According to data from the National Bureau of Statistics, China's manufacturing activity inched lower to a reading of 51.0 in May from 51.1 in April.
According to a court filing, the US tyre producer Goodyear is facing allegations of labour abuse in Malaysia.
US President Joe Biden's $6 trillion budget plan for fiscal year 2022 gained mixed reviews from budget watchers and lawmakers.
A key US inflation measure posted its biggest increase in thirty years in April, the US Commerce Department reports.
US financial authorities plan to have a more active role in overviewing the $1.5 trillion cryptocurrency market.
Boeing halts deliveries of its 787 Dreamliners as US regulators investigate production flaws, a statement released by the company shows.
On Sunday, Reuters revealed that new rulings by Canadian telecom regulators are bound to freeze competition in the country's telecom sector.
On Sunday, US Republicans announced that a compromise could be reached with the US President Joe Biden over his proposed infrastructure bill.
The US Treasury stated on Friday that the US President's Joe Biden's new tax hike plan would increase government income by $2.4 trillion.
On Saturday, the US White House sent the US Congress a $6 trillion budget plan, which would increase education and infrastructure spending.
A Chinese think tank announced on Sunday that a compromise in the ongoing US-China tensions could be created by using common tariff exclusions.
On Sunday, Automobilwoche revealed that Volkswagen intends to significantly change the company's management structure.
The President of Iran Hassan Rouhani fired the head of the Iranian central bank Abdolnaser Hemmati, who would run in the country's presidential election.
On Sunday, it was revealed that 3M had won a trial in the US that accused the company of a cover up of a defective ear plug design.
Indian car maker Mahindra revealed on Sunday that it expects global car sales to recover in two years.
On Sunday, the British Retail Consortium revealed that a wave of UK retail sector bankruptcies could be imminent due to rent costs.
During Sunday's European trading hours, the prices for cryptocurrencies declined, as BTC fell 5.2% and ETH declined by 6.3%.
Rivian Automotive Inc, the US electric-truck manufacturer, stated on Friday that it would seek $70B valuation at its possible IPO.