Crypto stocks climb as bitcoin bounces
06/03/2024 12:41
** Shares of cryptocurrency and blockchain-related companies
tracked bitcoin prices higher on Wednesday
** Bitcoin BTC= rallied again to $66,812 in volatile
trade, while ether ETH= jumped almost 10%, a day after the
world's largest cryptocurrency topped an earlier record high of
$69,000
** Crypto miners Riot Platforms Inc RIOT.O , Marathon
Digital MARA.O , U.S.-listed shares of Hut 8 HUT.O , and Bit
Digital BTBT.O rise between 3% and 5.1%
** Crypto exchange Coinbase Global COIN.O rises 5.6%,
while Blockchain farm operator Bitfarms BITF.O up 6%
** Software firm and BTC buyer MicroStrategy MSTR.O , which
bought 3,000 bitcoin last month, gains 11.2%
** Among spot bitcoin ETFs: Grayscale bitcoin ETF GBTC.P ,
iShares Bitcoin ETF IBIT.O firm about 8% each
** Bitcoin futures tracking ProShares Bitcoin Strategy ETF
BITO.P adds 7.8%
** Bitcoin has risen 57% YTD compared with a 54% increase in
the MVIS CryptoCompare Digital Assets 100 Index .MVDA
(Reporting by Medha Singh)
((medha.singh@thomsonreuters.com))