Why Bitcoin, Ethereum, and Crypto Stocks Are Soaring Today

Many cryptocurrencies and crypto-related stocks posted sharp price gains on Tuesday. Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) saw 24-hour gains of 3.9% and 3.2%, respectively, at 2 p.m. ET today. Leading cryptocurrency trading service Coinbase Global (NASDAQ: COIN) held a 7.2% price increase at the same point in time, while the crypto-focused bank Silvergate Capital (NYSE: SI) was up 5.6%.

It's no surprise to see the biggest names in cryptocurrency jumping today, because they were fueled by a handful of bullish news items.

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Source Fool.com