Rising prices for Bitcoins led to higher prices for various crypto-stocks, such as Overstock.com Inc., Grayscale Bitcoin Trust and MGT Capital Investment Inc.
Cryptocurrency stock prices are rising
The price of Bitcoins for the last day has risen sharply, exceeding 13,700 dollars, and then fell to the current level of 12,200 dollars, – according to cryptobit.media statistics.
In connection with such a jump in the price of BTC, the price of crypto-shares can also grow. – Bloomberg reports.
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At Wednesday’s bid, MGT Capital Investments Inc.’s share price soared 55%, DPW Holdings Inc. soared by 45%, and Grayscale Bitcoin Trust BTC rose by 17%.
Meanwhile, other cryptocurrency related stocks, such as Riot BlockchainBlockchain
is a continuous and sequential block chain of information (digital linked list). When building a blockchain, copies of related blocks are simultaneously stored on multiple computers.Details Inc., also showed an impressive 20% increase, Overstock.com Inc. increased by 21%, and the Marathon Patent Group – by 20%.
Analysts believe that the sudden growth of Bitcoin is associated with the release of a new Facebook cryptocurrency. Libra cryptocurrency is gaining tremendous interest from users, and, as they say, are catalysts that Bitcoin is gaining momentum in value.
The increase in BTC prices led to a rise in prices for various cryptocurrency stocks. Recall, June 26, the first cryptocurrency, Bitcoin, again showed another breakthrough of the course. The value of the asset increased by more than 11% and amounted to 12,541.47 US dollars.
Editor: Yulia Krasnaya