All articles tagged with #crypto stocks
Originally Published 16 days ago — by Yahoo Finance
Jim Cramer criticized the market's overreaction to strong US GDP data, which caused panic selling in high-growth sectors like Nvidia, AI, and crypto stocks, calling the reaction 'stupid' despite positive economic indicators.
Originally Published 3 months ago — by Investor's Business Daily
Bitcoin reached a two-month high near $120,000 amid a broader crypto rally, with Bakkt Holdings soaring 150% this week after restructuring and strategic moves, signaling a positive shift in the digital asset infrastructure sector.
Originally Published 4 months ago — by TipRanks
Cathie Wood has invested $23 million in crypto stocks and has reduced her stakes in Roku, DraftKings, and Teradyne, reflecting a strategic shift in her investment portfolio.
Originally Published 6 months ago — by Decrypt
Bitcoin reached new all-time highs, surpassing $118,000, fueling a record week for Coinbase, major miners, and crypto stocks, driven by institutional interest, market optimism, and supportive comments from President Trump, with related ETFs also hitting new highs despite a slight decline in broader equity indexes.
Originally Published 1 year ago — by CoinDesk
Bitcoin surged past $72,000, boosting U.S. crypto-related stocks like Coinbase and MicroStrategy, while meme coins like dogwifhat and pepe also rallied. Altcoins are seen as undervalued, with potential for further gains as bitcoin dominance peaks pre-halving. Technical analysis suggests bitcoin could reach new record highs, with BlackRock's bitcoin exchange-traded fund attracting more authorized participants, including Goldman Sachs and Citigroup. Additionally, the bitcoin-to-gold ratio remains below its 2021 high despite bitcoin setting new fiat currency highs.
Originally Published 1 year ago — by CoinDesk
U.S. crypto-related stocks, including Coinbase, MicroStrategy, and BlackRock's bitcoin exchange-traded fund, saw gains as bitcoin surpassed $72,000 for the first time since March ahead of its upcoming reward halving on April 20. The CoinDesk 20 Index, reflecting the broader crypto market, also rose 3.1% over 24 hours. As a result, companies like Marathon Digital, Hut 8, and Argo Blockchain experienced stock increases, indicating a positive start to the week for the crypto market.
Originally Published 1 year ago — by CoinDesk
U.S.-listed crypto companies surged as bitcoin surpassed $51,000, reaching a $1 trillion market cap, with Ether also hitting a high of $2,754 and the total crypto market cap reaching $2 trillion. Coinbase, MicroStrategy, BlackRock’s bitcoin ETF, and Robinhood all saw gains, while miners like Iris Energy, Marathon Digital, and Riot Platforms also experienced significant increases.
Originally Published 1 year ago — by CoinDesk
Crypto stocks, including COIN, MSTR, CLSK, RIOT, and MARA, rallied in pre-market trading as Bitcoin surged past $46,000 for the first time in nearly a month. Mining firm CleanSpark led the way with a nearly 20% increase, attributed to positive Q3 2023 results. Other cryptocurrency-related publicly traded companies also showed healthy gains, with Bitcoin's rally boosting its advance for the week to almost 10%.
Originally Published 2 years ago — by CNBC
Bitcoin and other cryptocurrencies experienced a significant drop, with bitcoin falling back to $40,000 and ether also declining. This downward trend in the crypto market also affected related stocks, with companies like Coinbase and Microstrategy seeing losses. According to experts, this correction is linked to the recent ETF launch and significant selling by short-term traders and large bitcoin holders, as well as a risk-off attitude in the market.
Originally Published 2 years ago — by The Wall Street Journal
On the first trading day of U.S. exchange-traded funds holding the largest digital currency, Bitcoin and crypto stocks experienced mixed performance, with Bitcoin rising 1% to near $45,000 after initially surging to about $49,000. Ether also saw a 7% jump to about $2,600. However, Bitcoin mining stocks fell, and crypto exchange Coinbase Global, which serves as the bitcoin custodian for eight of the 11 funds, fell 7%, while MicroStrategy, a bitcoin-buying software intelligence firm, was down 6%.
Originally Published 2 years ago — by CoinDesk
Bitcoin bounced back above $43,000, leading a rally in the crypto market and digital asset-focused stocks, as the Federal Reserve projected interest rate cuts for next year. The Fed's dovish projection caused bond yields and the U.S. dollar index to fall, supporting a broad-market rally for risk-assets. Bitcoin's surge of almost 5% pushed it past $43,000, while altcoins like Avalanche, Cardano, and Injective posted gains of nearly 10%. Crypto-related stocks, including Coinbase, MicroStrategy, Marathon Digital, Riot Platforms, and CleanSpark, also saw significant increases. The Fed's decision to hold or reduce interest rates injected optimism among investors, extending to cryptocurrencies as well.
Originally Published 2 years ago — by CoinDesk
Shares of cryptocurrency-related companies, including MicroStrategy, Coinbase, and bitcoin miners Marathon Digital Holdings, Riot Platforms, Hut 8, and CleanSpark, experienced significant losses of 5%-15% as bitcoin tumbled below $42,000. The drop followed a swift correction in crypto markets, with bitcoin falling nearly 10% in a "flash crash." Despite the losses, crypto stocks have seen a substantial recovery in 2021, driven by the crypto market rally and anticipation for regulatory approval of a spot bitcoin exchange-traded fund (ETF) in the U.S.
Originally Published 2 years ago — by Reuters
Cryptocurrency-related stocks listed in the U.S. surged as bitcoin reached a fresh high for the year, surpassing $42,000. The rally in these stocks is driven by optimism about potential interest rate cuts in the U.S. and expectations of the approval of U.S. stock market-traded bitcoin funds. Bitcoin's rise is also attributed to falling yields and positive sentiment for the upcoming year, which includes the halving process. Companies such as Coinbase, Microstrategy, Riot Platforms, Marathon Digital, and CleanSpark experienced significant gains in November. The ProShares Bitcoin Strategy ETF rose, while the ProShares Short Bitcoin Strategy ETF fell. This rally comes after a lukewarm period for cryptocurrencies earlier this year, with bitcoin up over 150% in 2023, on track for its best annual performance since 2020.
Originally Published 2 years ago — by CoinDesk
U.S. crypto-centric companies, including Coinbase, MicroStrategy, Robinhood, Marathon Digital, and Riot Blockchain, saw their stock prices rise in pre-market trading as bitcoin surged above $36,000 for the first time in 18 months. The gains may also be driven by optimism surrounding the potential approval of a spot bitcoin exchange-traded fund (ETF) in the U.S., as the Securities and Exchange Commission (SEC) reportedly engages in talks with Grayscale Investments about converting its bitcoin trust product into an ETF.
Originally Published 2 years ago — by Reuters
Shares of cryptocurrency- and blockchain-related companies, including Coinbase, Bitfarms, Riot Platforms, Marathon Digital, and Hut 8 Mining, fell in early trading hours on Monday after Binance halted its bitcoin withdrawals for several hours due to heavy volumes and rising processing fees. Binance, the world's largest crypto exchange, shut bitcoin withdrawals for an hour late on Sunday and for about three hours on Monday, saying there was a glut of pending transactions because it hadn't offered so-called miners a high enough reward to log the trades on the blockchain.