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.
