Crypto Stocks Bounce Back Alongside Bitcoin

It’s shaping up to be a better day for traders in the cryptocurrencies world.

With bitcoin up around $34,000 early Wednesday, a 14% gain over the past 24 hours, key cryptocurrency-related stocks have also shown signs of stabilizing.

Coinbase shares jumped 1.5% in premarket trading. The cryptocurrency exchange had fallen three sessions in a row through Tuesday.

Meanwhile, Microstrategy, an enterprise-software maker that has become a proxy for bitcoin because of its exposure to the cryptocurrency, jumped 4.2%.


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