Bitcoin (BTC-USD) extends its record run on Monday morning, originally crossing over $82,000 and now shooting past $83,000 to a new record high. The crypto sector continues to ride the Trump reelection rally as crypto-related stocks like Coinbase Global (COIN), MARA Holdings (MARA), and MicroStrategy (MSTR) receive major lifts.

Yahoo Finance markets and data editor Jared Blikre provides analysis on bitcoin's upward trajectory, also checking out altcoin dogecoin (DOGE-USD) as it climbs over 230% in 2024 year-to-date.

To watch more expert insights and analysis on the latest market action, check out more Catalysts here.

This post was written and updated by Luke Carberry Mogan.