Shares of crypto-linked companies are trading higher amid a rise in the price of Bitcoin. The commodity may be experiencing strength as traders assess the size of rate cuts.
Portfolio Pulse from Benzinga Newsdesk
Crypto-linked companies' shares are rising as Bitcoin's price increases, driven by traders evaluating potential rate cuts.
September 17, 2024 | 4:56 pm
News sentiment analysis
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POSITIVE IMPACT
APLD shares are likely benefiting from the rise in Bitcoin prices as the company is linked to the crypto market.
APLD is a crypto-linked company, and its stock price is positively correlated with Bitcoin's performance. The current rise in Bitcoin likely boosts investor sentiment towards APLD.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
BITF shares are trading higher due to the positive momentum in Bitcoin prices.
As a crypto-linked company, BITF's stock is influenced by Bitcoin's market movements. The current increase in Bitcoin's price is likely driving BITF's stock higher.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
BTBT shares are likely seeing gains due to the rise in Bitcoin prices.
BTBT is closely tied to the crypto market, and its stock price is positively impacted by Bitcoin's performance. The current rise in Bitcoin is likely boosting BTBT's stock.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
BTCM shares are benefiting from the increase in Bitcoin prices.
BTCM, being a crypto-linked company, sees its stock price influenced by Bitcoin's market trends. The current rise in Bitcoin is likely driving BTCM's stock higher.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
BTDR shares are likely experiencing gains due to the rise in Bitcoin prices.
BTDR is linked to the crypto market, and its stock price is positively correlated with Bitcoin's performance. The current rise in Bitcoin likely boosts BTDR's stock.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
COIN shares are trading higher as Bitcoin's price rises.
COIN, as a major player in the crypto market, sees its stock price directly influenced by Bitcoin's performance. The current rise in Bitcoin is likely driving COIN's stock higher.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
HIVE shares are likely benefiting from the rise in Bitcoin prices.
HIVE is a crypto-linked company, and its stock price is positively correlated with Bitcoin's performance. The current rise in Bitcoin likely boosts HIVE's stock.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
HUT shares are trading higher due to the positive momentum in Bitcoin prices.
As a crypto-linked company, HUT's stock is influenced by Bitcoin's market movements. The current increase in Bitcoin's price is likely driving HUT's stock higher.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
IREN shares are likely seeing gains due to the rise in Bitcoin prices.
IREN is closely tied to the crypto market, and its stock price is positively impacted by Bitcoin's performance. The current rise in Bitcoin is likely boosting IREN's stock.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
RIOT shares are benefiting from the increase in Bitcoin prices.
RIOT, being a major player in the crypto market, sees its stock price influenced by Bitcoin's market trends. The current rise in Bitcoin is likely driving RIOT's stock higher.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
WULF shares are likely experiencing gains due to the rise in Bitcoin prices.
WULF is linked to the crypto market, and its stock price is positively correlated with Bitcoin's performance. The current rise in Bitcoin likely boosts WULF's stock.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70