Crypto-related stocks are seeing a second day of big gains after bitcoin on Monday evening pushed through $30,000 for the first time since June 2022. At press time, it's managed to hold that advance, trading at $30,100.
Bitcoin miners Riot Platforms and Marathon Digital are ahead 15% and 11%, respectively. Smaller players like Stronghold Digital and Iris Energy are up nearly 20%. The big advance in bitcoin over the past two days has pushed MicroStrategy's holdings – 140,000 coins purchased at an average price of $29,803 each – back into profit. MSTR shares are higher by 7% on Tuesday.
Crypto exchange Coinbase and Mike Novogratz's crypto merchant bank Galaxy Digital are also each up by about 7%. Bitcoin pulled out a tight range around the $28,000 level on Monday afternoon and then pushed through $30,000 for the first time since June 10, 2022 late Monday evening, rising to as high as $30,400. The crypto is now up more than 80% in 2023 after having started the year at about $16,500.
SteveAlpher When BTC goes bonkers (soon lol), expext the top stock in BTC Mining to go Nuclear. I see you HUT Mara HIVE CLEANSPARK Btc
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