CryptoWhistle - Crypto Currency Tracker logo CryptoWhistle - Crypto Currency Tracker logo
Seeking Alpha 2021-06-29 15:44:33

Crypto stocks rally as Bitcoin pushes further above $35,000

peshkov/iStock via Getty Images Shares of crypto-linked stocks are on the move higher as Bitcoin (BTC-USD) +3.2% moves above $36K, back to around levels last seen in the middle of the month. Grayscale Bitcoin Trust (GBTC) +5.5%, Coinbase (COIN) +2.5%, Marathon Digital (MARA) +7.4%, MicroStrategy (MSTR) +8.2%, The Crypto Company (CRCW) +2.6% and Riot Blockchain (RIOT) +5.3% are all rallying. Bitcoin hit a six-month low last week. Today Deutsche Boerse revealed it will take a majority stake in Switzerland's Crypto Finance. Yesterday, Federal Reserve Vice Chairman Randal Quarles expressed skepticism about the need for a central bank digital currency, but sound more favorable toward stablecoins. He also likened Bitcoin to gold without its industrial uses and aesthetic attributes, with the chief attractions being novelty and anonymity. "Gold will always glitter, but novelty, by definition, fades. Bitcoin and its ilk will, accordingly, almost certainly remain a risky and speculative investment rather than a revolutionary means of payment, and they are therefore

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.