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.
August 16, 2024 | 7:25 pm
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POSITIVE IMPACT
Coinbase shares are trading higher due to the rise in Bitcoin prices.
Coinbase, being a major cryptocurrency exchange, benefits directly from higher Bitcoin prices as it can lead to increased trading volumes and revenues.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Marathon Digital Holdings shares are trading higher due to the rise in Bitcoin prices.
Marathon Digital Holdings, a Bitcoin mining company, benefits from higher Bitcoin prices as it increases the value of the Bitcoin they mine.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Riot Platforms shares are trading higher due to the rise in Bitcoin prices.
Riot Platforms, a Bitcoin mining company, benefits from higher Bitcoin prices as it increases the value of the Bitcoin they mine.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Terawulf shares are trading higher due to the rise in Bitcoin prices.
Terawulf, a Bitcoin mining company, benefits from higher Bitcoin prices as it increases the value of the Bitcoin they mine.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80