Crypto Stocks Are Getting a Lift After Bitcoin’s Price Touches a Record High
Key Takeaways
- Crypto stocks rose Monday after bitcoin’s price touched a record high over the weekend.
- Bitcoin has been buoyed by investors’ increasing appetite for risk, which has driven stocks to near records,
Bitcoin (BTCUSD) is giving crypto stocks a lift after its price topped $125,000 over the weekend, reaching a new record.
The world’s largest cryptocurrency had been on a weeklong rally, validating bitcoin bulls’ anticipation of fresh highs after September-end swoons. Bitcoin treasury Strategy (MSTR), crypto exchange Coinbase Global (COIN), and stablecoin issuer Circle (CRCL) were up at least 2% Monday morning. Bitcoin mining plays Marathon Digital parent company MARA Holdings (MARA) and Riot Platforms Inc. (RIOT) are up…
