Blockworks verify icon

11M
...

Crypto stocks soar on market rally, solid earnings reports

Crypto equities began to look like digital assets themselves Thursday morning as stock prices soar on continued bitcoin ETF optimism.

MicroStrategy, Coinbase and Marathon Digital clocked double-digit rallies, with mining operation Marathon leading the pack after jumping more than 17% after the open. 

Competing bitcoin mining shop Riot Platforms wasn’t far behind, posting just under 10% gains at time of publication. Galaxy digital followed suit with a roughly 6% rally. 

Bitcoin continued its rally Thursday, although related stocks far outpaced the cryptocurrency itself. 

Bitcoin (BTC) rallied as much as 6.4% before paring gains to around 1.5% higher. Bitcoin remains up around 31%…

Read more on Blockworks

46.4K Reads