BUZZ-Crypto stocks gain as bitcoin prices recover

Reuters03-25

** Shares of cryptocurrency and blockchain-related companies rise premarket after bitcoin prices recover

** Bitcoin , the world's most valuable cryptocurrency, up 1.3% at $66,989, while ether rises 1.1% to $3453

** From Friday's close, bitcoin prices have gained over 5.4%, recovering from a 4.7% loss over the past two weeks

** Ether prices have gained over 4.2% since Friday's close, recouping from a 13% loss over the past two weeks

** Crypto exchange Coinbase Global rises 3.2%, while Blockchain farm operator Bitfarms Ltd up 2.4%

** Crypto miners: Riot Platforms Inc Marathon Digital , U.S.-listed shares of Hut 8 , and Bit Digital up 2.3%-3.8%

** Software firm and BTC buyer MicroStrategy gain 5.1%, while BTC mining machine maker Canaan Inc up 3.5%

** ProShares Bitcoin Strategy ETF adds 4.9%

** Up to last close, BTC had risen 59.6%, compared with a 55.6% increase in the MVIS CryptoCompare Digital Assets 100 Index

(Reporting by Johann M Cherian in Bengaluru)

((johann.mcherian@thomsonreuters.com;))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment