Crypto stocks track strength in bitcoin after U.S CPI data

BTC Health

13/12/2022 14:14

** Shares of cryptocurrency- and blockchain-related
companies climb, tracking gains in bitcoin prices     
    ** Markets rallied on bets that the U.S. Federal Reserve
would ease its aggressive rate-hike stance after soft CPI data,
boosting the appeal of risk assets such as cryptocurrencies  .N 
    ** Bitcoin  BTC=BTSP , the world's biggest cryptocurrency,
up ~4% at $17,889, while Ether  ETH=BTSP  rises 5.2% to $1,341
    ** Crypto exchange Coinbase Global  COIN.O  jumps 6.9%,
while Blockchain farm operator Bitfarms Ltd  BITF.O  up 5.5%
    ** Crypto miners Riot Blockchain  RIOT.O , Marathon Digital
 MARA.O , Hut 8 Mining  HUT.O , Bit Digital  BTBT.O  and Core
Scientific  CORZ.O  climb between 5% and 8.3%
    ** HUT also gains on appointing Shenif Visram as new chief
financial officer
    ** Software firm and BTC buyer MicroStrategy  MSTR.O  gains
5.4% 
    ** Crypto banks Silvergate Capital  SI.N  and Signature Bank
 SBNY.O  up 1.3% and 2.6%, respectively 
    ** BTC mining machine makers Ebang International  EBON.O 
and Canaan Inc  CAN.O  up 1.5% and ~5%, respectively  
    ** ProShares Bitcoin Strategy ETF  BITO.P  adds 4.7%
    ** As of last close, BTC has fallen 61.2% this year, with
the collapse of FTX the latest blow to the volatile sector that
has been gripped by a series of liquidity squeezes and
bankruptcy filings 
    ** FTX founder Sam Bankman-Fried faces charges by the U.S.
Securities and Exchange Commission for defrauding investors 
 (Reporting by Shristi  Achar A in Bengaluru)
 ((Shristi.AcharA@thomsonreuters.com;))