Bitcoin Soars Past Seven-Month Peak as Crypto Stocks Follow

Crypto stocks surged on Monday as Bitcoin reached its highest level in over seven months.

The world's largest cryptocurrency, Bitcoin, rose by 4.24% to reach $84,509.10.

This boost had a ripple effect on other crypto-related stocks, with Coinbase Global jumping 4.9%, Strategy gaining 6.9%, and Robinhood Markets adding 3.8%.

Cryptocurrency mining companies also saw gains, with Riot Platforms climbing 4.6%, Mara Holdings increasing 4.9%, and Bit Digital advancing 2.9%.

Shares of American Bitcoin, backed by the two eldest sons of President Trump, surged 7.1%