Crypto-related companies started the week on a positive footing after bitcoin broke through the $72,000 mark for the first time since mid-March. 

Shares of Nasdaq-listed Coinbase and MicroStrategy gained 8% and 12%, respectively, during early morning trading in New York. Coinbase shares increased above $260 and MicroStrategy stock surged above the $1,600 mark in the past 24 hours, at 10:00 a.m. ET, according to TradingView data.

Coinbase price target increased

Last week, New York-based financial firm Oppenheimer increased Coinbase's share price target to $276, up from a previous target of $200, while reiterating its buy rating. The increased price target to $276 from Oppenheimer is around 6% higher than Monday's opening share price for Coinbase.

"We estimate that COIN's 1Q24 …