© Reuters.
The value of cryptocurrency stocks is increasing this Wednesday due to the continued upward movement in the price of , which increased by another 4%.
Currently, bitcoin is trading at around $51,770, its highest price since December 2021. This increase brought the total market value of bitcoin to $1 trillion. Ethereum, which ranks as the second most valuable cryptocurrency, also saw an increase of almost 4%, with its current price standing at around $2,746.
Due to the surge in cryptocurrency values, shares of the cryptocurrency exchange known as Coinbase (NASDAQ:) saw an increase of more than 10% on Wednesday, with a trading price of 155 $.61. Shares of this company previously peaked at over $160 each.
Meanwhile, shares of bitcoin mining companies Riot Platforms (NASDAQ:) and Marathon Digital Holdings (MARA) saw significant increases, rising 9% and 12%, respectively.
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