From Dhirendra Tripathi
Investing.com – Blockchain and other crypto stocks are among the big winners on Monday. The reason for this is the price increase for and other cryptocurrencies to the highest level in more than two months.
Coinbase (NASDAQ 🙂 gained 8.4%. Riot Blockchain (NASDAQ 🙂 was up 10.4% and Marathon Digital (NASDAQ 🙂 was up 5.3%.
MicroStrategy (NASDAQ :), one of the largest Bitcoin investors among publicly traded companies, climbed 4%. As of June 30, MicroStrategy held approximately 105,085 Bitcoin, valued at $ 2.7 billion, according to a release from the company. The digital currency with the highest valuation by market capitalization marked a new multi-week high that day at $ 46,089.
Should MicroStrategy still have all of its crypto investments, its holdings would be worth $ 4.83 billion at the current Bitcoin rate of $ 45,993.
Bitcoin passed the $ 46,000 mark today and hit its previous daily high of $ 46,153. At around 5:25 p.m., the number 1 in the crypto universe was trading 4.4% higher. BTC prices haven’t been that high since May 17th. In the last 30 days they have increased by 42%.
() rose 4.4% to trade above $ 3,100. () gained 3% and () 4.8%.
While governments are looking to launch their own digital currencies, recent trends suggest that the crypto world is not being so impressed by Chinese actions or Elon Musk’s tweets.
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