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Crypto-Related Stocks Surge as Bitcoin Price Hits Highest Point Since June 2022

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$MARA, $RIOT, and $HUT are leading the way as bitcoin tops $29,200, its highest price in 10 months. $COIN and $MSTR are also gaining. SteveAlpher reports

Alongside Marathon Digital's 12% advance, fellow bitcoin miners Riot Platforms and Hut 8 Mining are ahead 13% and 10%, respectively.140,000 bitcoin – has gained more than 6%.

Prior to today's upside action, bitcoin had been locked in a very tight range on either side of $28,000 for about 10 days. There's no apparent news behind Monday's sizable gains. Wednesday the consumer price index will be released for March, one of the more important pieces of economic data prior to the U.S. Federal Reserve's early May meeting. Many market watchers are predicting the central bank might end its more than year-long series of interest rate hikes at that meeting.

 

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SteveAlpher Cyber money like bit coins are nothing but a oscillating 'Ponzi scheme'.

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