Shares of crypto-related stocks are trading higher following a spike in Bitcoin after traders circulated a now-refuted rumor of Bitcoin spot ETF approval.
Portfolio Pulse from Benzinga Newsdesk
Crypto-related stocks are trading higher following a surge in Bitcoin due to a refuted rumor of Bitcoin spot ETF approval.
October 16, 2023 | 7:09 pm
News sentiment analysis
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POSITIVE IMPACT
Cipher Mining Inc. (CIFR) stock is trading higher due to the surge in Bitcoin.
As a crypto-related company, Cipher Mining's stock price is likely to be positively impacted by the surge in Bitcoin.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
CleanSpark Inc. (CLSK) stock is trading higher due to the surge in Bitcoin.
As a company involved in the crypto industry, CleanSpark's stock price is likely to be positively impacted by the surge in Bitcoin.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Coinbase Global Inc. (COIN) stock is trading higher due to the surge in Bitcoin.
As a leading cryptocurrency exchange, Coinbase's stock price is likely to be positively impacted by the surge in Bitcoin.
CONFIDENCE 95
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Marathon Digital Holdings Inc. (MARA) stock is trading higher due to the surge in Bitcoin.
As a digital asset technology company, Marathon's stock price is likely to be positively impacted by the surge in Bitcoin.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
MicroStrategy Incorporated (MSTR) stock is trading higher due to the surge in Bitcoin.
As a company that holds a significant amount of Bitcoin, MicroStrategy's stock price is likely to be positively impacted by the surge in Bitcoin.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Riot Blockchain Inc. (RIOT) stock is trading higher due to the surge in Bitcoin.
As a company involved in Bitcoin mining, Riot's stock price is likely to be positively impacted by the surge in Bitcoin.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80