Crypto stocks jump as bitcoin hits over 2-yr high

Ebang International Holdings

12/02/2024 16:04

** Cryptocurrency and blockchain-related cos jump on Mon as
bitcoin hits highest levels in more than 2 years
    ** Bitcoin  BTC= , world's biggest cryptocurrency, up 4.7%
at $49,776, highest since Dec 2021, while Ether  ETH=  up 2.3%
$2,560.90
        ** Crypto exchange Coinbase Global  COIN.O  up >5%, and
blockchain farm operator Bitfarms  BITF.O  up ~14% on the
session
    ** Crypto miners climb: Riot Platforms  RIOT.O  11%, 
Marathon Digital  MARA.O  14%, Hut 8 Mining  HUT.O  12%, Bit
Digital  BTBT.O  10%
        ** Shares of software firm, notable BTC buyer
MicroStrategy  MSTR.O  surges 10%
  
    ** BTC mining machine makers Ebang International  EBON.O 
and Canaan Inc  CAN.O  up 12% and 24%, respectively
    ** ProShares Bitcoin Strategy ETF  BITO.P  up 5%, while ETFs
tied to spot price of BTC such as iShares bitcoin ETF  IBIT.O ,
Ark 21Shares  ARKB.N  and Grayscale Bitcoin ETF  GBTC.K  all up
>5%
    ** With move on Mon, BTC up ~17% YTD

 (Lance Tupper is a Reuters market analyst. The views expressed
are his own)
 ((lance.tupper@thomsonreuters.com
lance.tupper@tr.com 1-646-279-6380))