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Crypto stocks rally as Bitcoin price continues to climb

Published 02/14/2024, 11:00 AM
Updated 02/14/2024, 11:03 AM
© Reuters.  Crypto stocks rally as Bitcoin price continues to climb

Cryptocurrency stocks are rising Wednesday on the back of the continued climb in the price of Bitcoin, which has climbed a further 4%.

Bitcoin is currently trading around $51,770, its highest level since December 2021. The rise has taken its market cap to $1 trillion. Ethereum, the second-largest cryptocurrency, is up close to 4% at the time of writing, trading at around $2,746.

The rise in cryptocurrencies has seen exchange Coinbase (NASDAQ:COIN) shares rally more than 10% on Wednesday, trading at $155.61. The stock initially hit a high of over $160 per share.

Meanwhile, Bitcoin mining companies Riot Platforms (NASDAQ:RIOT) and Marathon Digital Holdings (NASDAQ:MARA) have jumped, up 9% and 12%, respectively.

Latest comments

I think cryptocurrencies are starting to be used for shopping. On international platforms, some domestic merchants also support cryptocurrency payments.
Three years ago they were saying that very soon we would do shopping with cryptos. It's not even close. These criminal "currencies" weren't created for that.
its okay
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