Shares of crypto-linked stocks are trading higher amid a rise in the price of Bitcoin.
Portfolio Pulse from Benzinga Newsdesk
Shares of crypto-linked stocks are trading higher amid a rise in the price of Bitcoin.
July 19, 2024 | 2:32 pm
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POSITIVE IMPACT
CleanSpark Inc. shares are trading higher due to the rise in Bitcoin prices.
CleanSpark Inc. is involved in the crypto industry, and its stock price is positively correlated with Bitcoin prices. The rise in Bitcoin is likely to boost investor sentiment towards CLSK.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Coinbase Global Inc. shares are trading higher due to the rise in Bitcoin prices.
Coinbase Global Inc. is a major cryptocurrency exchange, and its stock price is highly sensitive to Bitcoin price movements. The rise in Bitcoin is likely to increase trading volumes and revenues for COIN.
CONFIDENCE 95
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Marathon Digital Holdings Inc. shares are trading higher due to the rise in Bitcoin prices.
Marathon Digital Holdings Inc. is a Bitcoin mining company, and its stock price is directly influenced by Bitcoin prices. The rise in Bitcoin is likely to improve profitability and investor sentiment for MARA.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 85
POSITIVE IMPACT
MicroStrategy Inc. shares are trading higher due to the rise in Bitcoin prices.
MicroStrategy Inc. holds a significant amount of Bitcoin on its balance sheet. The rise in Bitcoin prices increases the value of its holdings, positively impacting MSTR's stock price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Riot Platforms Inc. shares are trading higher due to the rise in Bitcoin prices.
Riot Platforms Inc. is a Bitcoin mining company, and its stock price is directly influenced by Bitcoin prices. The rise in Bitcoin is likely to improve profitability and investor sentiment for RIOT.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 85