All articles tagged with #crypto related stocks
Bitcoin surged above $70,000, reaching a new record high before retreating, with a 57% year-to-date increase. Crypto-related stocks like Coinbase, MicroStrategy, Marathon Digital, and CleanSpark also saw gains as Bitcoin's rally continued. The cryptocurrency's monumental comeback in 2024 has been closely monitored, with its market action and impact on social media drawing significant attention.
Bitcoin surged 10% to reach 1-1/2 year highs, driving up the prices of crypto-related stocks, as speculation about the possibility of a bitcoin exchange-traded fund (ETF) grew. Reports suggest that the U.S. Securities and Exchange Commission (SEC) won't appeal a ruling that it was wrong to reject an application from Grayscale Investments, fueling anticipation of a spot bitcoin ETF. Several major financial institutions, including BlackRock, VanEck, and Fidelity, have pending bitcoin ETF applications. The market is optimistic that a physical BTC ETF will be approved in the next three months, if not sooner.