CryptoWhistle - Crypto Currency Tracker logo CryptoWhistle - Crypto Currency Tracker logo
Seeking Alpha 2021-07-28 16:07:25

Bit Digital stock drives up 48% after volatility triggers trading halt

eclipse_images/E+ via Getty Images Bit Digital (BTBT) stock resumes its surge, up 48% in midday trading, after its trading was briefly halted for volatility in late morning trading on Wednesday. Halt occurred at 11:39:25 AM ET and resumed at 11:44:25 AM, according to the Nasdaq current trading halts page. There's no apparent news out on the stock, but perhaps BTBT is playing catch-up to bitcoin's (BTC-USD) price movement. Over the past year, BTBT return of 207% (at Tuesday's close) was lagging bitcoin's 264% gain during the same period, as seen in the chart below. Bitcoin, though off today's high of $40.8K, recently trades at $39.7K, up 5.4% over the past 24 hours. Earlier this month, Bit Digital reported that 70.8% its minor fleet was already deployed, in transit, or awaiting installation in North America as of June 30, 2021.

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.