MicroStrategy and Marathon Digital Lead Tenuous Bounce for Crypto-Related Stocks

  • 📰 CoinDesk
  • ⏱ Reading Time:
  • 18 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 63%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

The government's Sunday evening backstop of depositors at failed $SIVB and $SBNY sent bitcoin above $22K, with stocks like $MSTR, $MARA, $RIOT posting modest rallies in premarket trading. $COIN, however, is losing a little ground. SteveAlpher reports

Signature Bank , with the government also promising to protect all depositors at that lender. The actions sent U.S. stock index futures all higher by more than 1%, though that rally has lost steam shortly before the open. At press time, only Nasdaq 100 futures remain in the green, up 0.2%.

The price of bitcoin on Sunday bounced as high as $22,600 on the news. It's currently pulled back a bit to $22,100. Among stock movers this morning, MicroStrategy is higher by 5.6%. Bitcoin miners Marathon Digital and Riot Platforms are up 5.5% and 2.6%, respectively. Crypto exchange Coinbase isn't yet participating in the rally, down 0.6%.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 291. in İE
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Ireland Ireland Latest News, Ireland Ireland Headlines