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Crypto Stocks Gain as BTC Nears All-Time High
Cryptocurrency stocks are gaining on Monday, with Bitcoin edging closer to its previous all-time high. Earlier in the session, the leading cryptocurrency pushed above the $122,000 mark. However, it has since pulled back to around $120,560, up 1% on the day.
The renewed momentum in the world’s largest digital asset is translating into gains for publicly traded companies in the crypto sector. Leading the charge are major players like Coinbase (NASDAQ:COIN) (+3.6%), Strategy (2.9%), and Robinhood (NASDAQ:HOOD) (+2.4%).
Coinbase, a prominent cryptocurrency exchange, has seen its stock price climb as investor interest increases. Strategy, known for its corporate strategy of accumulating a...