Bitcoin drives cryptocurrency surge, lifting related stocks By Investing.com

led a notable surge in cryptocurrencies on Monday, pulling up other digital currencies and positively impacting the shares of related companies. The surge included cryptocurrencies such as , , , , , , , and Polygon.

Crypto-related companies such as Coinbase (NASDAQ:) Global Inc., MicroStrategy Inc., Riot Platforms Inc., Marathon Digital Holdings Inc., PayPal Holdings Inc (NASDAQ:)., NVIDIA Corp (NASDAQ:)., Advanced Micro Devices (NASDAQ:) Inc., and Ebang International Holdings Inc. saw their share prices rise in tandem with the crypto rally.

However, not all market players shared in the gains. Shares of Overstock.com (NASDAQ:) Inc., Block Inc., and Tesla (NASDAQ:) Inc. experienced slight declines on Monday. The reasons for these specific drops were not provided.

Adding to the positive sentiment in the cryptocurrency space were the performances of several crypto-focused ETFs. The Bitwise Crypto Industry Innovators ETF, Grayscale Bitcoin Trust, and Amplify Transformational Data Sharing ETF all posted growth during Monday’s trading session.

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