Speculative traders add billions to ‘meme’ stocks at new records

Digital currencies have boomed to a market cap of more than $1.4 trillion.

IN A quiet week by 2021 standards, the speculative excesses that have defined this bull market hit new records with little fanfare.

Wild trades from penny stocks and "meme” cryptocurrencies to cannabis companies surged to all-time highs. U.S. equity indexes rose anew. And skeptics on the everything rally found more reasons to fret over market froth.