Why Crypto Stocks Popped on Monday Morning
Shares of crypto stocks continue their recent strength on Monday: Bitcoin (CRYPTO: BTC) rose over $50,000, Ethereum (CRYPTO: ETH) jumped to over $3,300, and Cardano (CRYPTO: ADA) jumped over 13% in early trading to $2.89.
The rise in crypto prices helped push crypto miners and equipment stocks sharply higher. Here's a look at the industry's top performers at 11:10 a.m. EDT:
Rising crypto prices make the economics of mining crypto more attractive, which in turn increases demand for mining equipment. And all four of these companies are riding that demand wave right now.
Source Fool.com
