Why Square Stock Is Rising Today
Shares of Square (NYSE: SQ) were rising this morning on seemingly no company-specific news. But investors may be pushing the fintech stock higher as the price of Bitcoin (CRYPTO: BTC) crossed over $50,000 on Sunday for the first time since May.
Square's stock was up by as much as 4% this morning and had gained 2.7% as of 10:57 a.m. EDT.
Square users can already buy, sell, and store their Bitcoin through Square's Cash App, and CEO Jack Dorsey said last month that the company is working on a "decentralized financial service" that will tap further into the cryptocurrency market.
Source Fool.com
