Global Stock News

Why Coinbase, MicroStrategy, and Crypto Stocks Popped on Monday

Why Coinbase, MicroStrategy, and Crypto Stocks Popped on Monday

The bull run continues for cryptocurrencies.

The crypto market is on fire today, continuing a weeklong run since the election took place. Investors are betting that a more favorable SEC and Congress will lead to more funds flowing into the industry, and ultimately innovation.

Tokens are moving big, but so are crypto-related stocks. Coinbase (COIN 19.76%) was up as much as 23.7% in trading today, MicroStrategy (MSTR 25.73%) is up 23.9%, Mara Holdings (MARA 29.92%) popped 31.2%, and Riot Platforms (RIOT 16.86%) was up 23.9% at its peak. The stocks were up 21.5%, 23.3%, 29.2%, and 18.5%, respectively, at 3 p.m. ET.

Bitcoin rules the day

Bitcoin (BTC 9.30%) has been the biggest cause of the…

Source link

Share this article

Scroll to Top