Crypto Stocks Shine As Bitcoin Tops $57,000 Price Level for First Time Since Late 2021

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Crypto Stocks Shine As Bitcoin Tops $57,000 Price Level for First Time Since Late 2021

Tiger Newspress02-27

Crypto stocks shined in premarket trading Tuesday as Bitcoin topped $57,000 price level for the first time since late 2021. Bitfarms rose 11%; Cleanspark rose 10%, Bit Digital rose 8%; Marathon Digital and Canaan rose 7%; MicroStrategy and Coinbase rose 5%; Riot Blockchain rose 3%.

Bitcoin retook the $57,000 level on Tuesday for the first time since late 2021, supported by investor demand through exchange-traded funds as well as further purchases by MicroStrategy Inc.

Bitcoin's price has increased 33% since the turn of the year, extending a prolonged rally that has also stoked speculative appetite for smaller tokens like Ether and BNB.

A net $5.6 billion has poured into a batch of landmark Bitcoin ETFs that began trading in the US on Jan. 11, signaling a widening of demand for the token beyond committed digital-asset enthusiasts. An upcoming reduction in the token’s supply growth, the halving, is adding to the optimistic sentiment.

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srimoen
·02-27
Perhaps can be right to 58k and then run to high more on april. Wait and see it for this like mirror "2021" . 🌍 no hurry safe your plan
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