Stocks levered to bitcoin prices are extending their overnight gains as the cryptocurrency continues to rebound, rising another $1,500 this morning above $26,500 – the highest level since June of 2022. Bit Digital (BTBT) is up 10.3% at $1.29 per share, Riot Blockchain (RIOT) is up 10.4% at $6.90, Marathon Digital (MARA) is up 12.7 at $7.55, MicroStrategy (MSTR) is up 8% at $240.94 and Coinbase Global (COIN) is up 10.2% at $65.20.
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Published first on TheFly
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Read More on COIN:
- Coinbase (NASDAQ:COIN) Starts Local Bank Transfers in Singapore
- Bitcoin Bounces Back as Bank Stocks Get Hammered
- Coinbase Expects to Recover $240M Deposit at Signature Bank
- Bear Cave blog sees ‘more problems’ at Coinbase
- Crypto names jump as bitcoin rallies above $22,500
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