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Bitcoin-Linked Stocks Coinbase And MicroStrategy Are Rising Monday: What’s Going On?

Shares of Coinbase Global Inc (NASDAQ:COIN) and MicroStrategy Inc (NASDAQ:MSTR) are moving higher Monday amid strength in the price of Bitcoin. What To Know: Bitcoin surged on the back of increased demand following the approval of spot bitcoin ETFs in January, but the ETFs experienced heavy outflows last week and several crypto-related stocks sold off before bouncing back following dovish comments from the Federal Reserve. Bitcoin continued to trade higher over the weekend and was up approximately 2% over a 24-hour period, hovering around $66,950 at last check. As a crypto exchange, Coinbase b…