Following a red hot morning of trading on Tuesday, some US crypto stocks lost some of their earlier gains throughout the afternoon. 

Coinbase for instance, which bounced as high as 14% Tuesday, settled at just over $82 a share. Even so, this still represents a more than 6% increase on the day.

The catalyst for all these stock jumps, bitcoin (BTC) itself, dipped from its $35,000 peak on early Tuesday morning to around $33,800 at the time of writing.

Mining companies, the firms with the most to lose and the most to gain on the back of the digital asset, retreated along with bitcoin but stayed in the green. 

Read more: Trading firms scrambling amid bitcoin price surge

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