Crypto Stocks Rally as Bitcoin Breaks $72,000 Barrier

[Pelican Press 0]

Crypto Stocks Rally as Bitcoin Breaks $72,000 Barrier

Cryptocurrency stocks are rising, with stocks like Coinbase Global (NASDAQ:) AND MicroStrategy (NASDAQ:) gaining in premarket trading. This surge comes as crossed the $72,000 mark.

Cryptocurrency stocks are rising, with companies like Coinbase Global, Inc. gaining 5.60% in premarket trading. This surge comes as Bitcoin, the world’s largest cryptocurrency, has crossed the mark.

The bullish sentiment extends to the broader digital asset market, with investment products attracting $646 million in inflows last week. While Bitcoin received most of these inflows at $663 million, other cryptocurrencies such as , , and have also seen an uptick.

Crypto Stocks Gain as Bitcoin Crosses $72,000

Cryptocurrency and blockchain-related stocks are experiencing significant premarket movements today. Block (NYSE:). saw a slight increase of 0.21%, trading between $72.77 and $77.33 with a volume of 8,897,862 shares.

Coinbase Global, Inc. gained 5.60%, trading in the range of $240.20 to $253.96 with a volume of 8,438,580 shares. Marathon Digital (NASDAQ:) Holdings, Inc. rose 6.62%, trading between $18.07 and $19.26 with a volume of 31,600,114 shares. Riot Platforms (NASDAQ:), Inc. climbed 5.69%, trading in the range of $9.89 to $10.46 with a volume of 17,417,378 shares.

MicroStrategy, known for its , witnessed the most substantial premarket movement among the mentioned companies.

The stock surged 11.54%, trading between $1,432.00 and $1,674.25 with a volume of 2,273,995 shares. The company’s market capitalization stands at an impressive $24.417 billion, with a 52-week range of $266.00 to $1,999.99.

Digital Asset Investment Products See Resurgence in Inflows

Digital asset investment products saw a significant capital inflow last week, attracting $646 million in inflows, with Bitcoin receiving the lion’s share at $663 million. The leading cryptocurrency’s price surged 4.5% to trade above $72,000, reaching $72,661.70 at one point.

The continuous interest in Bitcoin demonstrates enduring confidence among investors, further demonstrated by short-bitcoin investment products experiencing outflows totaling $9.5 million for the third consecutive week.

However, there has been a moderation in ETF investors’ appetite, with weekly flow levels not reaching the highs seen in early March.

***

Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our

This is the hidden content, please

• Sign In
• or
• Sign Up

prior to making financial decisions.

This

This is the hidden content, please

• Sign In
• or
• Sign Up

was originally published on The Tokenist. Check out The Tokenist’s free newsletter,

This is the hidden content, please

• Sign In
• or
• Sign Up

, for weekly analysis of the biggest trends in finance and technology.

This is the hidden content, please

• Sign In
• or
• Sign Up

#Crypto #Stocks #Rally #Bitcoin #Breaks #Barrier

This is the hidden content, please

• Sign In
• or
• Sign Up

For verified travel tips and real support, visit: https://hopzone.eu/