Miners saw even better gains, with Bitfarms rising nearly 4% as Riot Platforms jumped 3.7%.Connect/Create WalletNo wallet? No problem. You can set one up for free. We recommend Torus for first-time users.Crypto stocks rallied on Tuesday, despite tech-heavy indexes slipping into the red.
Coinbase shares increased 1.5% to $81.76, and MicroStrategy gained 1.7% to reach $348. Miners saw even better gains, with Bitfarms rising nearly 4% as Riot Platforms jumped 3.7%.13,815 points. The S&P 500 was also down, falling 0.4%. Deutsche Digital Assets Head of Research André Dragosch told The Block that Tuesday's positive price action from blockchain equities was"a kneejerk reaction to the oversold market conditions that persist at the moment." He sees gains from firms like MicroStrategy or Marathon Digital as"high beta plays" on the positive price trajectory that bitcoin has posted in the past 24 hours.
Earlier this week, the world's largest digital asset by market capitalization declined to three-month lows before jumping back above the $26,000 level. Bitcoin's price has climbed 3% over the past day to $26,007 at 2:30 p.m.
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