Bitcoin hits highest level since July, boosting crypto-related stocks
Avishek Das | Lightrocket | Getty Images
The price of bitcoin neared $68,400 on Wednesday, reaching its highest level since July and sparking a rally across the crypto sector.
Bitcoin is up more than 9% over the last week and ether is up about 7%. Other popular coins have also rallied, with solana up close to 10% in the past seven days and and dogecoin up 15%.
The gains have made their way to crypto-pegged stocks. Digital asset exchange Coinbase climbed almost 7% on Wednesday, bringing its three-day rally to 19%. The stock is at its highest since August.
Bitcoin miners Marathon Digital and Riot Platforms also moved higher on Wednesday.
Bitcoin and Coinbase move higher in the last week.
One reason for…
