Bitcoin and Ethereum prices pause, while cryptocurrency stocks continue to reach new highs on Friday.
While the prices of Bitcoin and Ethereum have temporarily stopped rising, many stocks or ETFs related to cryptocurrencies are still hitting new 52-week highs. Stocks such as Bitcoin miners Marathon Digital, Iris Energy, Global X Blockchain ETF, and MicroStrategy have all seen increases. Cryptocurrency exchange Coinbase Global and Bitcoin miner CleanSpark have also experienced some gains. Despite the fluctuations in the prices of Bitcoin and Ethereum, the overall cryptocurrency market continues to show strong performance.
Zhitong App has learned that Bitcoin and Ethereum, the two largest cryptocurrencies by market capitalization, are still below their highs for the year. In the past 24 hours, Bitcoin has slipped by 0.7% to around $43,700, below its 52-week high of $44,700, while Ethereum has risen by 3.5% to around $2,320, below its 52-week high of $2,400. However, many stocks and ETFs related to cryptocurrencies have still reached new 52-week highs on Friday.
Among them, Bitcoin miner Marathon Digital (MARA.US) rose by 7.8% in Friday's trading to $26.71, briefly reaching a high of $27.73, still far below its all-time high of around $83.45 in November 2021.
Iris Energy (IREN.US) rose by 8.7% to $8.35, briefly reaching a high of $8.80. In November 2021, its trading price reached as high as $28.25.
Global X Blockchain ETF (BKCH.US) rose by 5.5% on Friday, closing at $50.30, with an intraday high of $51.67, a new 52-week high. The stock traded at around $165 in November 2021.
MicroStrategy (MSTR.US), which holds 174,530 bitcoins as of November 30, 2023, rose by 6.4% on Friday to $618.97, with an intraday high of $622.58. Its highest price in the past 10 years was around $1,315 in February 2021.
Cryptocurrency exchange Coinbase Global (COIN.US) rose by 4.3% to $175.07, previously reaching a new 52-week high of $179.70. The exchange went public in April 2021 and reached its all-time high of around $357 in November 2021.
Bitcoin miner CleanSpark (CLSK.US), focusing on sustainable infrastructure, rose by 3.1% to $11.89, falling back from its 52-week high of $12.24. The stock reached a price as high as $150.10 in 2018.
Bitcoin miner Bitfarms (BITF.US) rose by 3.1% on Friday to $2.98, briefly reaching a high of $3.12, with its all-time high at $9.36 in November 2021.
Stock and cryptocurrency trading app Robinhood (HOOD.US) rose by 0.2% to $12.92, with its all-time high shortly after its listing in August 2021 at $85.