Crypto stocks up as Bitcoin climbs again

Crypto related stocks climbed Monday 8th January 2024 as the price of Bitcoin increased again to its highest level since April 2022.

Crypto exchange Coinbase rose 3%, while Block and Robinhood, which also offer Bitcoin trading services, added 3% and 5%, respectively. Mining stocks enjoyed gains too: Marathon Digital and Riot Platforms advanced some 8% each. CleanSpark and Iris Energy both added 6%.

ETF decision closer

Bitcoin rallied above $47,000 as BlackRock, Grayscale and other potential Bitcoin ETF issuers submitted final updates to the Securities and Exchange Commission (SEC), that bolstered investors’ confidence that a likely positive decision is due soon.

Bitcoin 24-hour chart Monday 8th – Tuesday 9th January 2024

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