Crypto stocks are jumping today while US stocks overall are declining. Strength in the crypto sector is being powered in part by rising bitcoin and ether prices, up 2.83% and 1.42% since 8 pm on Sunday. Coinbase rose 7.6%, reversing some of its bad fortunes after the stock lost some steam when the SEC served […]
KBW analyst now rates Block stock at market perform. Steven Kwok still sees upside in “SQ” to $75 a share. Block shares are currently down over 25% year-to-date. Shares of Block Inc (NYSE: SQ) are trading down this morning after a KBW analyst downgraded the crypto company citing several “small risks”. Block Stock could still […]
Marathon Digital (MARA), Coinbase (COIN) and MicroStrategy (MSTR) are among the names making big moves as bitcoin (BTC) rose more than 4% on Monday to top $29,200 for the first time since June 10, 2022. Alongside Marathon Digital’s 12% advance, fellow bitcoin miners Riot Platforms (RIOT) and Hut 8 Mining (HUT) are ahead 13% and […]
Former executives at Signature Bank face a class action lawsuit from investors who accuse the bank of downplaying its cryptocurrency exposure. Signature Bank collapsed on March 12, when federal regulators stepped in and closed the bank. Days earlier, the same steps were taken to shutter fellow crypto-friendly institution Silicon Valley Bank. In a new class-action […]
Bank of America and Fidelity held significant numbers of MicroStrategy shares on their balance sheets through the first quarter, suggesting continued institutional interest in indirect bitcoin exposures. Bitcoin volatility has tapered off in recent weeks as crypto traders weigh the asset’s substantial bounceback in 2023 from last year’s lows. Through the end of March, Bank […]