Cryptocurrency

Stocks linked to cryptocurrency surge as Bitcoin price keeps rising, reflecting investor confidence in digital assets.

Cryptocurrency Stocks Rally as Bitcoin Price Continues to Climb

Crypto Stocks Surge Amid Bitcoin Price Increase

Cryptocurrency stocks are experiencing a surge on Wednesday due to the ongoing climb in Bitcoin’s price, which has risen by an additional 4%.

Bitcoin Hits Highest Level Since December 2021

Bitcoin is currently trading at around $51,770, marking its highest level since December 2021. This surge has propelled its market cap to $1 trillion.

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Ethereum Follows Suit with 4% Increase

The surge in Bitcoin’s price has also impacted Ethereum, the second-largest cryptocurrency, which has seen a close to 4% increase, trading at around $2,746 at the time of writing.

Coinbase Shares Rally Over 10%

The rise in cryptocurrencies has led to a more than 10% rally in the shares of exchange Coinbase, which are currently trading at $155.61. The stock initially reached a high of over $160 per share.

Bitcoin Mining Companies Witness Significant Jump

Bitcoin mining companies Riot Platforms and Marathon Digital Holdings have also witnessed a significant rise, with increases of 9% and 12%, respectively.

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