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Crypto-linked stocks surge as Bitcoin spikes past $71,000

Investing.com – price soared by 5% early Tuesday, sparking a rally in U.S.-listed crypto shares as investors set their sights on ambitious new targets for the original cryptocurrency.

The crypto leader broke above $71,000 in Asian morning trading, leading the broader market higher just days before the U.S. election—a moment many traders view as a bullish catalyst for crypto regardless of the outcome.

MicroStrategy Incorporated (NASDAQ:), the world’s largest corporate backer of Bitcoin, saw its shares jump nearly 9% to reach around $255. America’s biggest crypto exchange Coinbase (NASDAQ🙂 also saw a strong boost, bouncing up to $205 after a recovery from August lows. 

The crypto mining crowd had a good day too, with Riot Platforms (NASDAQ:) up over 6.7%, Marathon Digital Holdings Inc (NASDAQ:) climbing 4%, and Read More