Bitcoin's Rising, and It's Bringing These Crypto Stocks Along for the Ride
Wall Street has had some big concerns about the stock market lately. A big move downward in major market benchmarks over the past several weeks has many investors wondering whether a new bear market might be just ahead.
Yet one long-struggling market appears to be getting itself back in shape. Cryptocurrencies have been down and out for quite a while as digital assets have gone through a fabled "crypto winter." Now, though, major cryptocurrencies like Bitcoin (CRYPTO: BTC) are seeing their prices climb back to their best levels in more than a year. That's also good news for the companies that rely on Bitcoin and its peers for their own success. Here's the latest on what's going on.
Bitcoin made a major move higher Monday night and Tuesday morning. The value of Bitcoin is up nearly $4,000 in the past 24 hours, climbing 13% to around $34,675.
Source Fool.com
