Bitcoin Hit a Fresh All-Time High, and These Cryptocurrency Stocks Are Soaring
After breaking through the key $20,000 level for the first time on Wednesday, leading digital currency bitcoin is soaring again. As of 10:50 a.m. EST on Thursday, bitcoin was trading for more than $23,200, a gain of about 11% over the past 24 hours and a rally of more than 25% over the past week.
As a result of the move, several cryptocurrency stocks are trading higher as well. In no particular order:
In addition to these, Square (NYSE: SQ), which not only facilitates bitcoin buying and selling through its Cash App, but owns a significant amount of bitcoin as an investment, was higher by nearly 4%. MicroStrategy (NASDAQ: MSTR), which bought more than $400 million in bitcoin to hold already and is planning to raise capital to buy even more, is also higher on the day.
Source Fool.com
