Cryptocurrency stocks are experiencing a resurgence, benefiting from Bitcoin's modest recovery. Coinbase, the leading US cryptocurrency exchange, is up 3.46%, while Marathon Digital Holdings, a top cryptocurrency mining company, is up 6.39%. MicroStrategy, the largest cryptocurrency holder, has surged 6.29%. However, cryptocurrency-friendly Silvergate Capital has seen its shares plummet by over 5%. Other cryptocurrency-related stocks, including Riot Platforms, Jack Dorsey's Block, and PayPal, are all in the green. Bitcoin is currently trading at $55,422, up 3% in the past 24 hours. Traders are eagerly awaiting the upcoming US consumer price index report for more clarity on the Fed's rate cut. Despite recent gains, Bitcoin remains down nearly 6% this month, which is typical for September, its weakest month. Overall, Bitcoin is up 32.2% on a year-to-date basis.
- Content Editor ( u.today )
- 2024-09-09
These Are Top Crypto Stocks to Watch During Bitcoin’s Recovery