Crypto Stocks Rally as Bitcoin Rises Above $93,000

Tiger Newspress12-03 23:02

Crypto stocks rallied in morning trading. American Bitcoin rose 13%; SharpLink Gaming, BitMine, and Gemini rose 5%; Coinbase, Bullish, and Strategy rose 3%; Circle, Robinhood, and IREN rose 2%.

A sharp rebound for bitcoin helped investors get somewhat in the mood for taking on a bit more risk. The biggest cryptocurrency by market value rose 2% on Wednesday to a two-week high of $93,633.70 after a 6% rise in the previous session.

Bitcoin had slumped at the start of December after a woeful November when it fell more than $18,000 as a record amount of money rushed out of the market, its largest dollar loss since May 2021, when a number of cryptocurrencies collapsed.

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