Crypto stocks shine as bitcoin soars past $59000 in first since 2021
28/02/2024 09:49
** Shares of cryptocurrency and blockchain-related companies
rise as bitcoin price surges over $59,000 mark for first time
since late 2021
** Bitcoin BTC= adds 4.5% to $59,303; the world's most
valuable cryptocurrency had its best five-day winning streak
since early Dec 2023 as big buyers like Microstrategy step in
** Ether ETH= also rises 2.2% to $3,317.40
** Crypto exchange Coinbase Global COIN.O rises 6.7%
premarket while Blockchain farm operator Bitfarms Ltd BITF.O
up 6.5%
** 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 up 5.5% to 8.8%
** Software firm and BTC buyer MicroStrategy MSTR.O gains
8.3%
** BTC mining machine makers Canaan Inc CAN.O up 6.8%
** ProShares Bitcoin Strategy ETF BITO.P adds 3.3%
** BTC has risen 40.5% YTD, compared with a 35% increase YTD
in the MVIS CryptoCompare Digital Assets 100 Index .MVDA
(Reporting by Johann M Cherian in Bengaluru)
((johann.mcherian@thomsonreuters.com;))