Bitcoin Surges Over 3%, Boosting Cryptocurrency Stocks

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Bitcoin has surged more than 3%, surpassing $98,000, which has led to a collective rise in U.S. cryptocurrency-related stocks. Among these, Canaan Inc. and Ebang International Holdings have both seen impressive gains of over 18%, while The9 Limited has increased by 9%. Additionally, MicroStrategy (MSTR, Financial) has risen by more than 4%.

Disclosures

I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.