Key Takeaways
- Bitcoin traded around its record high, helping shares of crypto-related firms move higher.
- The largest cryptocurrency got a lift last week when President Trump signed an executive order calling for workers to be able to invest in crypto in their 401(k) retirement plans.
- Shares of Strategy, which is the biggest corporate holder of Bitcoin, and crypto trading platform Coinbase Global, got a boost this morning.
Crypto is on the rise to start the week.
Shares of Strategy (MSTR), the largest corporate holder of bitcoin, trading platforms Coinbase (COIN) and Robinhood Markets (HOOD), and other firms connected to the cryptocurrency market advanced Monday as the price of Bitcoin hovered near its all-time high above $123,000.
Bitcoin, the biggest digital coin, recently traded above $120,000, rising nearly 30% this year. It got a boost last week when President Donald Trump signed an executive order that would open the…
