US Stock Market Update: Bitcoin briefly surpassed $60,000, while MicroStrategy surged over 6%.
On Wednesday, Bitcoin-related stocks continued to rise. As of the time of writing, Coinbase surged over 4%, MicroStrategy over 6%, Marathon Digital over 5%, and Riot Platforms over 0.8%. Previously, Bitcoin briefly surpassed $60,000. The price of this digital asset has risen by over 15% this week and by 40% year-to-date. The main reasons could be the excitement sparked by a series of Bitcoin spot ETFs trading since January and the upcoming "halving," where the new supply of Bitcoin will be halved, which is typically seen as a catalyst for a significant increase in Bitcoin prices.
Zhitong App learned that on Wednesday, stocks related to Bitcoin continued to rise. At the time of publication, Coinbase (COIN.US) surged over 4%, MicroStrategy (MSTR.US) rose over 6%, Marathon Digital (MARA.US) increased by over 5%, and Riot Platforms (RIOT.US) went up by over 0.8%. Previously, Bitcoin once reached $60,000, and the price of this digital asset has risen by over 15% this week and 40% year-to-date. The main reasons could be the excitement triggered by a series of Bitcoin spot ETFs trading starting in January, and the upcoming "halving," where the new supply of Bitcoin will be halved, which is usually seen as a catalyst for a significant increase in Bitcoin prices.