Crypto and Gold Stocks Jump as Bitcoin, Gold Soar to Record Highs

Gold climbed to a record peak close to $4,000, while leading cryptocurrency bitcoin rallied to a lifetime high on Sunday, with investors increasingly turning to alternative assets as a store of value as the U.S. government shutdown frayed nerves.

The federal shutdown entered its fifth day Sunday with no apparent end in sight. President Donald Trump said Sunday night that some federal workers have already been fired, following through on his threats. On Monday, the Senate is scheduled to again vote on a stopgap spending measure, which is not expected to gain enough Democratic votes to pass.

Crypto stocks jumped in premarket trading on Monday. Bitfarms rose 6%; Circle rose 5%; Riot Platforms, BitMine, Bit Digital, Bullish, and MARA Holdings rose 3%; Coinbase, Strategy, and SharpLink Gaming rose 2%.

Gold stock also jumped in premarket trading. Harmony Gold rose 4%; Coeur Mining rose 3%; Anglogold Ashanti, Kinross, Hecla Mining, Barrick Mining, Newmont Mining, and Agnico Eagle Mines rose 2%; Gold Fields rose 1%.