Markets Hit Records; Is This Red-Hot Crypto Stock Next?

 Markets Hit Records; Is This Red-Hot Crypto Stock Next?

Investors didn’t waste any time on Monday, continuing to push the stock market higher, building on gains from the past week. The Nasdaq Composite (NASDAQINDEX:^IXIC) was the only index not to close at a record high, but it posted the biggest gains, while the S&P 500 (SNPINDEX:^GSPC) and Dow Jones Industrial Average (DJINDICES:^DJI) managed to set new records even with more modest increases on Monday.

Index

Percentage Change

Point Change

Dow Jones Industrials

+0.18%

+64

S&P 500

+0.47%

+22

Nasdaq Composite

+0.90%

+137

Data source: Yahoo! Finance.

Yet many investors are watching other parts of the market even more closely. In particular, cryptocurrencies have been doing extremely well lately, with Bitcoin (CRYPTO:BTC) leading the way higher and climbing into record territory above $60,000. That’s been good news for a host of crypto stocks whose business…

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