Bitcoin price surge drives BTC-related stocks to new multiweek highs By Cointelegraph
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Monday’s (BTC) price surge has catapulted Bitcoin-related stocks to new heights, with the likes of Coinbase (NASDAQ:) and MicroStrategy posting new multiweek highs.
Bitcoin mining stocks saw significant gains amid BTC price momentum, with United States-listed Riot Blockchain (NASDAQ:) recording an 11.69% surge and Marathon Digital (NASDAQ:) Holdings seeing a 14.6% increase. The upcoming halving event, which will cut the Bitcoin mining reward from 6.25 BTC to 3.125 BTC per block, also likely contributed to the price increase.
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© Reuters
Monday’s (BTC) price surge has catapulted Bitcoin-related stocks to new heights, with the likes of Coinbase (NASDAQ:) and MicroStrategy posting new multiweek highs.
Bitcoin mining stocks saw significant gains amid BTC price momentum, with United States-listed Riot Blockchain (NASDAQ:) recording an 11.69% surge and Marathon Digital (NASDAQ:) Holdings seeing a 14.6% increase. The upcoming halving event, which will cut the Bitcoin mining reward from 6.25 BTC to 3.125 BTC per block, also likely contributed to the price increase.
Continue Reading on Cointelegraph
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