Crypto Stocks Kept Flying in Morning Trading; Marathon, Riot Blockchain, Coinbase and Bit Digital Soared Over 10%

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Crypto Stocks Kept Flying in Morning Trading; Marathon, Riot Blockchain, Coinbase and Bit Digital Soared Over 10%

Tiger Newspress2023-10-24

Crypto stocks kept flying in morning trading; Marathon Digital Holdings Inc, Riot Blockchain, Inc., Coinbase Global, Inc. and Bit Digital, Inc. soared over 10%.

Bitcoin extended a rally fueled by expectations of fresh demand from exchange-traded funds, reaching the highest price since May last year.

The possible approval in the coming weeks of the first US spot Bitcoin ETFs is stoking speculative ardor for the token. Asset managers BlackRock Inc. and Fidelity Investments are among those in the race to offer such products. Digital-asset bulls argue the ETFs would widen adoption of the cryptocurrency.

A US federal appeals court on Monday also formalized a victory for Grayscale Investments LLC in its bid to create a spot Bitcoin ETF over objections from the US Securities and Exchange Commission.

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Moritz2707
·2023-10-24
o la la :-)
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