Nasdaq and S&P 500 Hit New Records, Crypto-Linked Stocks Rally
TradingKey - Bullish sentiment in both U.S. stocks and cryptocurrencies fueled a broad rally in crypto-related equities.
On Monday Eastern Time, the S&P 500 and Nasdaq Composite indices extended their gains to fresh all-time highs. The S&P 500 rose 0.36% to close at 6,740.28 points, while the Nasdaq gained 0.7%, finishing at 22,941.667 points.
Simultaneously, cryptocurrencies advanced broadly. Bitcoin broke above $126,000, setting a new historical record. Ethereum surpassed $4,600, approaching its previous all-time high. Binance Coin (BNB) exceeded $1,200, also reaching a new peak.
The upbeat mood in both U.S. equities and crypto markets drove widespread gains in cryptocurrency-related stocks. DAT companies led the advancers: Windtree (WINT) surged over 18%, BTCS jumped more than 14%, BitMine (BMNR) and Riot Platforms (RIOT) both gained over 10%. Meanwhile, Coinbase (COIN), MicroStrategy (MSTR), and Circle (CRCL) each rose approximately 2%.
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