Why Coinbase, MicroStrategy, and Crypto Stocks Popped on Monday

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 (NASDAQ: COIN) was up as much as 23.7% in trading today, MicroStrategy (NASDAQ: MSTR) is up 23.9%, Mara Holdings (NASDAQ: MARA) popped 31.2%, and Riot Platforms (NASDAQ: RIOT) 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 (CRYPTO: BTC) has been the biggest cause of the moves in the market today. The impact on miners is clear because Bitcoin is the direct output of the mining they do, so if Bitcoin climbs, their revenue will go up. But they also benefit from the Bitcoin being held on their balance sheets.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool