Crypto-Related Stocks Rise as Bitcoin Sets Fresh All-Time High Above $111,000
Key Takeaways
- Bitcoin hit a new record high of more than $111,800 around midnight ET Thursday, lifting shares of cryptocurrency-related firms.
- The digital asset hit the $110,000 mark for the first time Wednesday.
- The rally comes as the Senate voted to advance a bill that establishes a regulatory framework for stablecoins and as JPMorgan Chase CEO Jamie Dimon told investors the bank would allow clients to buy bitcoin.
Bitcoin (BTCUSD) hit a new record high of more than $111,800 around midnight ET Thursday, lifting shares of cryptocurrency-related firms.
The price of bitcoin, which surpassed $110,000 for the first time Wednesday, was recently trading just below $110,000.
Shares of mining companies MARA Holdings (MARA) and Riot…
