Why Crypto-Related Stocks Coinbase, Marathon Digital And Riot Platforms Are Rising
Portfolio Pulse from Adam Eckert
Crypto-related stocks Coinbase, Marathon Digital, and Riot Platforms are rising amid a surge in the crypto market, driven by positive developments such as the launch of EDX Markets and BlackRock's application for the first spot Bitcoin ETF in the U.S.
June 21, 2023 | 12:41 pm
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POSITIVE IMPACT
Coinbase stock is up 2.82% amid a surge in the crypto market and positive developments such as the launch of EDX Markets and BlackRock's Bitcoin ETF application.
Coinbase is a major player in the crypto economy, and the surge in the crypto market, along with the launch of EDX Markets and BlackRock's Bitcoin ETF application, is likely to have a positive impact on the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Marathon Digital stock is up 4.36% amid a surge in the crypto market and positive developments such as the launch of EDX Markets and BlackRock's Bitcoin ETF application.
Marathon Digital is engaged in mining digital assets, and the surge in the crypto market, along with the launch of EDX Markets and BlackRock's Bitcoin ETF application, is likely to have a positive impact on the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Riot Platforms stock is up 3.38% amid a surge in the crypto market and positive developments such as the launch of EDX Markets and BlackRock's Bitcoin ETF application.
Riot Platforms is focused on building, supporting, and operating blockchain technologies, and the surge in the crypto market, along with the launch of EDX Markets and BlackRock's Bitcoin ETF application, is likely to have a positive impact on the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100