Crypto stocks climb as bitcoin hits two-week high

BTC Health

30/11/2022 12:10

Nov 30 (Reuters) -    ** Shares of cryptocurrency and
blockchain-related companies rise as bitcoin bounces
    ** Bitcoin  BTC=BTSP , the world's biggest cryptocurrency,
hit a two-week high at $17,072 on Wednesday, inching closer to
its 200-day moving average
    ** Crypto miners Riot Blockchain  RIOT.O , Marathon Digital
 MARA.O , Hut 8 Mining  HUT.O , Bit Digital  BTBT.O  and Core
Scientific  CORZ.O  up 1.1%-7.3%
    ** Crypto bank Silvergate Capital  SI.N  gains ~4%, software
firm and BTC buyer MicroStrategy  MSTR.O  adds 3.2% 
    ** Crypto exchange Coinbase Global  COIN.O  advances 3.6%
    ** BTC mining machine maker Canaan Inc  CAN.O  up 4.2%
    ** ProShares Bitcoin Strategy ETF  BITO.P  adds 3%
    ** BTC has dropped 63% so far in 2022, which is shaping up
to be its worst since 2018, as the spectacular collapse of UST
stablecoin and crypto exchange FTX shook the industry
 (Reporting by Medha Singh)
 ((medha.singh@thomsonreuters.com))