Crypto Stocks Shot up in Morning Trading, With SOS and Coinbase Jumping Nearly 9%

Tiger Newspress2022-08-08

Crypto stocks shot up in morning trading, with SOS and Coinbase jumping nearly 9%. Ethereum has been outperforming since developers announced a date for the crypto's upcoming software update a couple of weeks ago. The Ethereum merge is expected to be completed in September.

Bitcoin just crossed above the $24,000 mark for the first time in August. JPMorgan said "it appears that the crypto markets have found a floor," Monday in a note to clients.

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