Bitcoin reaches record high near $85,000 as crypto, Trump trades dominate stock market
Bitcoin (BTC-USD) reached a record high on Monday, trading just under $85,000 on Monday morning and pushing several names in the stock market tied to the crypto trade and the post-election Trump rally higher to start the week.
Coinbase (COIN), which offers cryptocurrency trading on its platform, was up more than 17% Monday and has now soared about 70% in the past five trading sessions.
Similarly, Robinhood (HOOD), which also facilitates crypto trading, saw its stock rise more than 8% Monday and is now up more than 38% across five days. On Friday, Bloomberg reported that Robinhood legal chief Dan Gallagher is among a list of names being considered to lead the SEC under President-elect Donald Trump’s administration.
The surge in…
