Shares of crypto-related stocks are trading higher amid a rise in Bitcoin.
Portfolio Pulse from Benzinga Newsdesk
Crypto-related stocks, including BTDR, COIN, HIVE, and MARA, are experiencing an uptick in their trading values, correlating with an increase in Bitcoin's price.
March 20, 2024 | 2:54 pm
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POSITIVE IMPACT
BTDR's stock is trading higher, likely influenced by the recent rise in Bitcoin's price.
BTDR, being a crypto-related stock, tends to move in tandem with the price of Bitcoin. The current rise in Bitcoin's value is positively impacting BTDR's stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
COIN's stock price is on the rise, paralleling the increase in Bitcoin's market value.
As COIN is directly involved in the cryptocurrency market, its stock price is positively affected by the upward movement in Bitcoin's price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
HIVE's trading value is up, reflecting the positive trend in Bitcoin's price.
HIVE, a crypto-related stock, is experiencing a boost in its trading value as a result of the increase in Bitcoin's price, indicating a direct correlation.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
MARA's stock is trading higher amid the rise in Bitcoin's price, indicating a positive correlation.
MARA, being involved in the cryptocurrency sector, sees its stock price positively influenced by the rise in Bitcoin's price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80