Why Cryptocurrencies and Crypto Stocks Were Bouncing Higher on Tuesday
A combination of lingering good sentiment and company-specific news was lifting cryptocurrencies and associated stocks higher on Tuesday. For the former, we didn’t see many dramatic price leaps, yet it seems the latest rally still has some mileage to it.
The day really belonged to the crypto stocks, with Mara Holdings (NASDAQ: MARA) closing a sturdy 10% higher, and all-in Bitcoin (CRYPTO: BTC) investor MicroStrategy (NASDAQ: MSTR) booking a 12% increase.
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A clutch of cryptocurrencies was trading in positive territory late that afternoon, albeit not at such impressive rates. Among the gainers were Hedera (CRYPTO: HBAR)…
