As Bitcoin crosses $100K, Robinhood soars 15%, BTC miners’ time to shine, and more
The post As Bitcoin crosses $100K, Robinhood soars 15%, BTC miners’ time to shine, and more appeared on BitcoinEthereumNews.com. Robinhood’s HOOD led this week’s crypto stock rally by 15%. Bitcoin miners and MSTR also posted over 5% gains, but Coinbase’s COIN was sluggish. Crypto-related stocks rallied higher as Bitcoin [BTC] surged to $104K for the first time since late January. The world’s largest digital asset added over $8.5K, about 9% from Monday lows of $93K. HOOD, miners lead crypto stock rally Robinhood’s HOOD, a crypto and stock trading retail app, led the weekly rally with a 15% gain. It jumped from $45 to $55 at the time of writing. Source: Google Finance Bitcoin miner stocks sub-sector, as shown by CoinShares Valkyrie Bitcoin Miners ETF, also posted impressive gains of 5.36% in the past four trading days. In fact, miner stocks’ pump was almost similar to Strategy’s MSTR 5% uptick. Strategy, a pioneer in BTC corporate treasury, saw its stock, MSTR, jump 5.28% over the same period. It tapped $420 for the first time since last December. When tracked from the April low, MSTR has gained over 70%, jumping from $240 to $420. Source: MSTR, TradingView Since the April lows, BTC has recovered over 30%. This implied that MSTR offered investors 2x returns over the same period and was a better bet than BTC. However, Coinbase’s COIN, a crypto trading platform, posted less than a 1% gain in the past four days. The dismal performance was due to the recent mixed earnings report, which dropped below analysts’ expectations. Source: Crypto stocks vs. BTC, TradingView That said, SOL Strategies, a firm running a corporate treasury based on SOL, was an outlier among crypto stocks when tracked from April. SOL Strategies’ stock, CYFRF, surged 54% compared to MSTR’s 44%. But BTC rose 25% over the same period. This meant that SOL exposure offered more returns than BTC in the past five weeks…
The post As Bitcoin crosses $100K, Robinhood soars 15%, BTC miners’ time to shine, and more appeared on BitcoinEthereumNews.com.
Robinhood’s HOOD led this week’s crypto stock rally by 15%. Bitcoin miners and MSTR also posted over 5% gains, but Coinbase’s COIN was sluggish. Crypto-related stocks rallied higher as Bitcoin [BTC] surged to $104K for the first time since late January. The world’s largest digital asset added over $8.5K, about 9% from Monday lows of $93K. HOOD, miners lead crypto stock rally Robinhood’s HOOD, a crypto and stock trading retail app, led the weekly rally with a 15% gain. It jumped from $45 to $55 at the time of writing. Source: Google Finance Bitcoin miner stocks sub-sector, as shown by CoinShares Valkyrie Bitcoin Miners ETF, also posted impressive gains of 5.36% in the past four trading days. In fact, miner stocks’ pump was almost similar to Strategy’s MSTR 5% uptick. Strategy, a pioneer in BTC corporate treasury, saw its stock, MSTR, jump 5.28% over the same period. It tapped $420 for the first time since last December. When tracked from the April low, MSTR has gained over 70%, jumping from $240 to $420. Source: MSTR, TradingView Since the April lows, BTC has recovered over 30%. This implied that MSTR offered investors 2x returns over the same period and was a better bet than BTC. However, Coinbase’s COIN, a crypto trading platform, posted less than a 1% gain in the past four days. The dismal performance was due to the recent mixed earnings report, which dropped below analysts’ expectations. Source: Crypto stocks vs. BTC, TradingView That said, SOL Strategies, a firm running a corporate treasury based on SOL, was an outlier among crypto stocks when tracked from April. SOL Strategies’ stock, CYFRF, surged 54% compared to MSTR’s 44%. But BTC rose 25% over the same period. This meant that SOL exposure offered more returns than BTC in the past five weeks…
What's Your Reaction?
