Published: Oct. 16, 2023 at 8:11 a.m. ET
Shares of companies in the cryptocurrency business rallied Monday to snap losing streak, as they got a boost from bitcoin’s big gain. Marathon Digital Holdings Inc.’s stock MARA jumped 4.4%, Riot Platforms Inc. shares RIOT rose 4.3%, Coinbase Global Inc. shares COIN climbed 2.4% and MicroStratgy Inc.’s stock MSTR advanced 2.9%. Marathon, Coinbase and MicroStrategy shares were on track to snap three-day losing streaks while Riot shares were headed for their first gain in five sessions. Bitcoin futures BTCUSD ran up 3.7%, amid a growing possibility that the Securities and Exchange Commission will soon approve the first…
Shares of companies in the cryptocurrency business rallied Monday to snap losing streak, as they got a boost from bitcoin’s big gain. Marathon Digital Holdings Inc.’s stock
MARA
jumped 4.4%, Riot Platforms Inc. shares
RIOT
rose 4.3%, Coinbase Global Inc. shares
COIN
climbed 2.4% and MicroStratgy Inc.’s stock
MSTR
advanced 2.9%. Marathon, Coinbase and MicroStrategy shares were on track to snap three-day losing streaks while Riot shares were headed for their first gain in five sessions. Bitcoin futures
BTCUSD
ran up 3.7%, amid a growing possibility that the Securities and Exchange Commission will soon approve the first spot bitcoin ETF, as Barron’s reported. The rallies come as futures
ES00
for the S&P 500
SPX
edged up 0.4%.
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