Bitcoin Reaches Seven-Month Peak as Crypto Stocks Surge

Crypto stocks made significant gains on Monday as Bitcoin (BTC) reached its highest level in over seven months, surpassing $84,509.10.

This surge pushed U.S.-listed cryptocurrency stocks upwards, with major players experiencing notable increases. Coinbase Global () rose 4.9%, while Strategy (), a company focused on bitcoin, gained 6.9%.

Riot Platforms (), Mara Holdings (), and Bit Digital () also saw significant gains in the crypto mining space, climbing 4.6%, increasing 4.9%, and advancing 2.9% respectively.

American Bitcoin (), backed by two sons of President Trump, surged 7.1%, while Circle Internet (), issuer of a stablecoin, gained 4.9%. Canaan (), manufacturer of bitcoin mining machines, jumped 6.1%