Bitcoin Surges to Seven-Month High, Crypto Stocks Follow Suit

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

The world's largest cryptocurrency, Bitcoin, was last up 4.24% at $84,509.10.

Crypto exchange Coinbase Global jumped 4.9%, while bitcoin-focused company Strategy gained 6.9%.

Trading platform Robinhood Markets added 3.8%, and Webull rose 2.6%

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

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

Stablecoin issuer Circle Internet gained 4.9%, while bitcoin mining machine maker Canaan jumped 6.1%.