Coinbase’s stock price soars as bitcoin trades above $34K

US crypto-related stocks soared Tuesday morning, echoing bitcoin’s price move above $35,000 earlier in the day. 

Coinbase led the pack, with its stock trading more than 14% in the green as of the time of writing. MicroStrategy, the top US corporate holder of bitcoin, climbed around 13%. 

Block, which sells bitcoin via Cash App, is up roughly 4.8% as of the time of writing.  

Share prices for bitcoin mining companies are also rebounding after high temperatures this summer pushed many of them to slow their operations. 

CleanSpark shot up roughly 18% on Tuesday, with Marathon Digital advancing as much as 20%. Hut 8, a particularly beleaguered miner, increased just over 10% after the…

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