As the price of Bitcoin and Ethereum rose today, shares of companies traded on Wall Street with exposure to cryptocurrencies buoyed upwards as well.
Among cryptocurrency prices, Polygon’s MATIC led the charge, rising 22% on the day, according to data from CoinMarketCap. At the time of writing, Ethereum had climbed 10.5% over the past 24 hours to nearly $1,500, notching weekly gains of over 30%, while Bitcoin rose just over 4.5% past $22,000.
It's a notable shift in what has otherwise been a bleak bear market for investors and traders. Bitcoin and Ethereum are each down close to 70% from their all-time highs as worsening macroeconomic conditions and the threat of a recession has shred investment appetite in risk assets. Today, that appetite appears to have been reawakened, even if only temporarily.
For the publicly traded company Marathon Digital Holdings, Inc.—a digital asset technology business that specializes in cryptocurrency mining—the upwards pressure in digital asset prices...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...