Bitcoin Rally Boosts Cryptocurrency Company Stocks
Date: 2024-02-28 Author: Dima Zakharov Categories: BLOCKCHAIN
Bitcoin's momentary price hit $60,500 on February 28th, causing a ripple effect in the stock market, particularly for prominent cryptocurrency companies. Shares of Coinbase, Marathon Digital, and MicroStrategy witnessed significant growth amidst this surge.
Marathon Digital, a Bitcoin miner, saw its pre-market quotes rise to $32.6, marking a 7.4% increase in value according to TradingView. MicroStrategy experienced an even higher surge of 9%, with its stock price forecasted to begin at $949.
Benchmark experts predicted a further rise in MicroStrategy's stock, projecting it to reach $990. Coinbase's stock soared to $210.2 in pre-market trading, boasting a 5.5% increase.
Additionally, Mawson Infrastructure, another mining company, observed a rise in its securities to $2.04 in pre-market trading, according to TradingView.
Trading in the American stock market commenced at 16:30 Kiev time, and fluctuations in the mentioned positions may occur shortly.
