The performance of crypto stocks, such as Coinbase and Microstrategy, has surged, coinciding with the upward trend of bitcoin.

• On Monday, the stock prices of Coinbase, MicroStrategy, and Riot Platforms increased due to bitcoin reaching a new two-week peak.
• Since the attempted assassination on Donald Trump, the value of bitcoin has been increasing.
• In recent months, the Republican presumptive presidential nominee, Trump, has been making increasingly optimistic statements about cryptocurrency.

On Monday, crypto companies experienced a surge in demand as investors flocked to the market following a two-week high in Bitcoin's price.

Since the attempted assassination of Donald Trump over the weekend, the price of bitcoin has been rising, with investors believing that the Republican presumptive nominee is now more likely to win the election in November. In recent months, Trump has been making increasingly bullish comments on crypto, and last week he signed on to headline the Bitcoin 2024 conference in Nashville.

The price of Bitcoin has increased by approximately 6% in the last 24 hours, reaching around $63,500 in early Monday afternoon.

The largest centralized digital asset exchange in the U.S., Coinbase, experienced a 12% increase in shares to $243.27, reaching their best day since February. Bitcoin accounted for 33% of trading volume on the platform in the first quarter, with cryptocurrency accounting for 13% of volume.

Riot Platforms, a Bitcoin miner, experienced a 16% increase, while its rival saw a 17% surge. As the price of Bitcoin rises, miners typically benefit as it enhances the worth of their operations.

MicroStrategy, the largest corporate holder of bitcoin, experienced a 17% increase in stock value on Monday. The company's stock has risen more than 150% this year. On Thursday, MicroStrategy announced a 10-for-1 stock split to make its stock more accessible to investors and employees.

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