) is ahead just shy of 11% to its highest price since the Merge, leading a broad rally in cryptocurrencies and related stocks.
Among names on the move are Coinbase and MicroStrategy – each up 10%. Many of the crypto miners are doing even better, with Hut 8 , Bitfarms , Marathon Digital and Riot Blockchain higher by 11%-18%. Crypto is rallying alongside traditional equity markets, with the Nasdaq higher by 1.6% and S&P 500 by 1.1%. At play is the idea that the Fed is nearing the end of its rate hike cycle, and both bond yields and the dollar are sharply lower in Tuesday trade.
SteveAlpher “Crypto stocks” lol
SteveAlpher
SteveAlpher Soars? Wrong word
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