Cryptocurrency Stocks Soar as Bitcoin Continues to Surge
Bitcoin Price Surge Boosts Cryptocurrency Shares
Cryptocurrency stocks are on the rise as Bitcoin’s price continues to climb, with the digital currency seeing a 4% increase. This surge has led Bitcoin to trade around $51,770, marking its highest level since December 2021 and pushing its market cap to $1 trillion.
Ethereum Sees Significant Growth
In addition to Bitcoin’s rally, Ethereum, the second-largest cryptocurrency, has also experienced a close to 4% increase, trading at approximately $2,746 at the time of writing.
Coinbase Shares Experience Double-Digit Growth
The surge in cryptocurrencies has resulted in a more than 10% rally for exchange Coinbase’s shares, which are currently trading at $155.61, reaching a peak of over $160 per share initially.
Riot Platforms and Marathon Digital Holdings Benefit from Bitcoin’s Rise
Bitcoin mining companies Riot Platforms and Marathon Digital Holdings have both seen significant jumps in their stock prices, with increases of 9% and 12%, respectively.
