News Formal

Crypto-linked stocks Coinbase, MicroStrategy up over 100% in a month

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 38 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 51%

Malaysia News News

Crypto-linked stocks are on a tear, with Coinbase, MicroStrategy, and others up more than 100% in a month as risk appetite returns

Crypto-linked stocks are on a tear this month as risk appetite grows on wagers that high inflation may be in the rearview mirror.

Crypto exchange Coinbase surged 143% in the past month to $81.76 on Friday, notching prices not seen since last September. The stock spiked 26% on Thursday after aMicroStrategy, which has bought up 132,500 bitcoin since August 2020, shot up 102% in the past month as well.a $1.47 billion net loss for 2022 on Thursday, shares are up and notched a nearly six-month high of $293 on Friday, tracking this year's bitcoin rebound.

Meanwhile, crypto mining companies Marathon Digital and Riot Platforms are up 130% and 127%, respectively, in the past month. Amid the more upbeat outlook on rates, stocks have seen a broader rally, with the tech-heavy Nasdaq Composite and the S&P 500 up 16.87% and 8.9% in the past month, respectively.

 

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

 /  🏆 729. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Coinbase Shares Soar as Crypto-Related Stocks Continue Post-Fed RallyCrypto-related stocks including $COIN and $SI soared on Thursday after US Federal Reserve Chair Jerome Powell noted progress in disinflation on Wednesday. HeleneBraunn and Aoyon_A report. HeleneBraunn Aoyon_A It is clear BTC has proved its use case during this uncertain times. We need more experts like cry_guru20, who educate people on the evolution of the market so people avoid common mistakes. so they don't walk out of the market feeling frustrated! Keep up the great work!
Source: CoinDesk - 🏆 291. / 63 Read more »

UK Crypto Industry Celebrates Government’s Planned Exemptions for Crypto Ad ApprovalsCrypto advocates said the U.K. government listened and addressed its woes regarding the country's plans for promotions, which could have meant that advertising in the country would have been near impossible. camomileshumba reports
Source: CoinDesk - 🏆 291. / 63 Read more »

Despite a bear market, crypto’s future is still bright: Crypto in 2023
Source: Cointelegraph - 🏆 562. / 51 Read more »