Crypto Stocks See Mixed Performance as Bitcoin Rises to $67,700 By Investing.com


© Reuters Crypto Stocks See Mixed Performance as Bitcoin (BTC) Rises to $67.7K

Bitcoin (BTC) rose to $67,700 on Thursday, bringing its total gain this week to around 7.3%.

On Tuesday, the flagship cryptocurrency hit a new all-time high of $69,210, surpassing its previous peak recorded during the late 2021 bull run.

Bitcoin's latest rally sparked mixed performance among cryptocurrency stocks.

Notably, MicroStrategy (MSTR) stock is up 4.1% on Thursday and more than 20% since Monday. Earlier this week, Michael Saylor's business intelligence firm announced plans to raise $600 million through a convertible debt sale in a private offering.

The company said it would use the funds raised to acquire more BTC.

Meanwhile, clean spark (NASDAQ 🙂 rose 7.8% on the day, while Coinbase (NASDAQ 🙂 added 1.2%.

Other large crypto miners, including Marathon Digital (NASDAQ 🙂 and Riot Platforms (NASDAQ 🙂), fell 3% and 1.2%, respectively.

© 2024 Telegraph247. All rights reserved.
Designed and developed by Telegraph247
scroll to top