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Crypto company stocks spike higher as Bitcoin jumps back above 22,000

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Shares of companies in the cryptocurrency business powered higher Monday, after bitcoin BTCUSD, 6.64% rallied toward a fourth-straight gain, and the first close above the 22,000 in a month. Among those that are all about crypto, shares of Marathon Digital Holdings Inc. MARA, 35.07% shot up 23.3%, Riot Blockchain Inc. RIOT, 22.71% ran up 18.3% and Coinbase Global Inc. COIN, 16.42% climbed 13.8%. Among other companies with significant crypto exposure, MicroStrategy Inc.'s stock MSTR, 15.09% jumped 11.2% and Signature Bank SBNY, 4.16% surged 3.9%. Meanwhile, bitcoin charged up 6.6% to $22,183, and has soared 14.6% in four sessions since closing at a 19-month low on July 12, toward the highest close since July 15. The cryptocurrency has still plunged 45.6% over the past three months while the S&P 500 SPX, 0.76% has declined 12.9%.

Source: https://www.marketwatch.com/story/crypto-company-stocks-spike-higher-as-bitcoin-jumps-back-above-22000-2022-07-18?siteid=rss


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