Crypto stocks rise as bitcoin bounces off lows

Silvergate Capital

04/01/2024 15:41

** Shares of cryptocurrency and blockchain-related companies
gain as bitcoin  BTC=BTSP  rebounds after falling 5% on
Wednesday, on optimism around imminent approval of
bitcoin-related ETFs
    ** Bitcoin, the world's biggest cryptocurrency, up about
2.5% at $43,925, while ether  ETH=BTSP  rises 2.9% to $2,275.50
    ** Crypto exchange Coinbase Global  COIN.O  rises 3.7%,
while Blockchain farm operator Bitfarms  BITF.O  up 1.9% 
    ** Crypto miners Riot Platforms  RIOT.O , Marathon Digital
 MARA.O , Hut 8  HUT.O , Bit Digital  BTBT.O  up 4%-6%
    ** Software firm and BTC buyer MicroStrategy  MSTR.O  gains
3%
    ** ProShares Bitcoin Strategy ETF  BITO.P  adds 2.6%
    ** BTC had risen 155.6% in 2023 compared with a ~106%
increase in MVIS CryptoCompare Digital Assets 100 index  .MVDA 

 (Reporting by Pranav Kashyap in Bengaluru)
 ((Pranav.Kashyap@thomsonreuters.com))