Bitcoin, Ethereum erase most of Friday's losses amid broader stock market rally

Bitcoin (BTC-USD) and Ethereum (ETH-USD), the two largest digital tokens by market cap, retrace much of last week's losses as broader stock markets around the globe, including the U.S. stock market's implied opening, gap higher on the effects of the new Omicron variant. Of course, Ether (ETH-USD +6.7%) continues to outpace Bitcoin (BTC-USD +5.7%) on all time frames going back five years. The two cryptos dominate that of the S&P 500's (SP500) 27% total percentage return over the past year, as seen in the chart below. The broader crypto market's rebound increases its market cap by 4.4% to $2.56T in the past 24 hours, according to data from CoinMarketCap. It appears Bitcoin's (BTC-USD) volatility is not stopping Michael Saylor's MicroStrategy (NASDAQ:MSTR) from buying and Hodling more BTC. MicroStrategy (MSTR) bought 7,002 more Bitcoins for approximately $414.4M in cash at an average price of $59,187 per Bitcoin (BTC-USD), according to a Form 8-K filing. The