Cryptocurrency Stocks Surge as Bitcoin Approaches Record High

Oct 18, 2024

Cryptocurrency-related stocks saw a notable rise as Bitcoin surged past $68,000, edging closer to its all-time high of $73,777 with just an 8% gap remaining. This upward momentum in Bitcoin positively impacted stocks in the crypto sector.

As of the latest update, CleanSpark (CLSK, Financial) and MicroStrategy (MSTR) have both increased by over 7%, while Coinbase (COIN) rose more than 5%, and Marathon Digital Holdings (MARA) experienced a gain of over 3%.

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I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.

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