Global Stock News

COIN, MSTR lead gains as bitcoin (BTC) climbs above $70,000

COIN, MSTR lead gains as bitcoin (BTC) climbs above $70,000

Crypto-related stocks opened the Wednesday U.S. session with sizable gains as bitcoin surged above $72,000 for the first time in almost a month.

Crypto exchange Coinbase (COIN) jumped above $200 to its strongest price since late January, up 12% in the first minutes of trading. Strategy (MSTR), the largest corporate bitcoin holder, advanced nearly 9% to a one-month high.

Galaxy Digital (GLXY), Robinhood (HOOD) and Ethereum treasury firm BitMine (BMNR) were up 6%-8%. Stablecoin issuer Circle (CRCL) climbed another 6%, now up over 70% in the week since its fourth-quarter earnings report.

Bitcoin miners, increasingly tied to the artificial intelligence data center buildout, also rebounded following the Tuesday selloff. Bitfarms…

Source link

Share this article

Scroll to Top