• BTC Dominance: %
XBT.Market
Advertisement
  • Home
  • Coins MarketCap
  • Crypto Exchanges
  • Crypto Calculator
  • Top Gainers and Loser
  • News
  • Contact Us
No Result
View All Result
XBT.Market
No Result
View All Result
Home Bitcoin

Crypto stocks surge: Coinbase up 69%, MicroStrategy up 74% since lows

Jon Hartney by Jon Hartney
January 18, 2023
in Bitcoin, Blockchain, Business, Market
0
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Crypto-related stocks, ETFs and tokens have all surged in price so far in 2023 despite experts expecting the Federal Reserve to continue hiking interest rates.

The share price of cryptocurrency exchange Coinbase has surged by 69% since its all time lows and other crypto-related stocks including business intelligence firm MicroStrategy have recorded similar jumps with green candles all around since the start of 2023.

The share price of Coinbase fell as low as $31.95 on Jan. 6, before shooting up to $54.14 by the close of trading on Jan. 17.

Related articles

Bitcoin derivatives data shows room for BTC price to move higher this week

January 23, 2023

Bitcoin price consolidation opens the door for APE, MANA, AAVE and FIL to move higher

January 22, 2023
Coinbase’s share price for the last month. Source: Yahoo Finance

The rising share price will likely be accompanied by a huge sigh of relief for Coinbase executives after a challenging 2022 saw it cut 20% of its workforce and decide to wind down its Japanese operations. Despite the surge, COIN remains more than 84% below its all time high.

Other crypto-related stocks such as MicroStrategy and digital payments company Block Inc. have also posted strong gains in the new year.

MicroStrategy’s share price has increased to nearly $236 from a low of just over $135 on Dec. 29 — representing an increase of over 74% — while Jack Dorsey’s Block has seen its share price increase by a muted but still respectable 27%, after rebounding from a low of under $59 on Dec. 28 to over $75.

The rebound has been even more dramatic for crypto mining stocks. Bitfarms and Marathon Digital Holdings recorded surges of 140% and 120% respectively throughout the first two weeks of the year.

Crypto exchange-traded funds (ETFs) also rebounded to a lesser degree with Valkyrie Bitcoin Miners ETF (WGMI) more than doubling its price from a low of just over $4 on Dec. 28 to over $8.

The ProShares Bitcoin Strategy ETF (BITO) jumped from over $10 on Dec. 28 to a current price of around $13 — increasing by just under a third.

Related: Is this a bull run or a bull trap? Watch The Market Report live

Even Grayscale Bitcoin Trust has managed to regain some of its 2022 losses, after increasing from a low of $7.76 on Dec. 28 to a current price of $11.72, a 51% increase.

While the trust is designed to mirror the price of Bitcoin (BTC) it often trades at a discount or premium to the value of its underlying holdings and is now sitting at a discount of just over 36% after having traded at over a 45% discount on Dec. 28.

Some pundits believe Bitcoin in particular has skyrocketed on the back of the positive inflation figures from the United States released on Jan. 12 — having increased in price by over 17% since then — but it is interesting to note that Dec. 28 seemed to represent a market bottom across many cryptocurrencies and stocks.

Total #crypto market cap is back over 1 trillion dollars!!! pic.twitter.com/wS4N9qjA4G

— Lark Davis (@TheCryptoLark) January 17, 2023

While the recent surge in crypto-related stocks is bound to be a huge relief to those who have invested in them, it is worth noting that many of these companies have a long way to go to return to thier all-time highs, as highlighted by a Jan. 10 tweet from financial advisor Genevieve Roch-Decter.

Crypto stocks over the last year:

Voyager -99.7%
Silvergate -90.8%
Marathon Digital -83.1%
Coinbase -82.3%
HIVE Blockchain -81.3%
MicroStrategy -63.9%

— Genevieve Roch-Decter, CFA (@GRDecter) January 10, 2023


Read Entire Article
Tags: CointelegraphCryptocurrencyInvestmentMining Bitcoin
Share76Tweet47

Related Posts

Bitcoin derivatives data shows room for BTC price to move higher this week

by Jon Hartney
January 23, 2023
0

BTC options data suggest that the Bitcoin price rally still has legs, even with wider economic concerns growing and the

Bitcoin price consolidation opens the door for APE, MANA, AAVE and FIL to move higher

by Jon Hartney
January 22, 2023
0

BTC could take a break from its sharp rally and if BTC price bounces off underlying support, APE, MANA, AAVE...

Genesis bankruptcy case scheduled for first hearing

by Jon Hartney
January 22, 2023
0

The first hearing in Genesis Capital's bankruptcy case will be held on January 23, according to court filings

Terra lending protocol Mars to launch mainnet

by Jon Hartney
January 22, 2023
0

The Mars Hub will launch an independent Cosmos application chain and issue MARS to users who hold the token during...

Central African Republic eyes legal framework for crypto adoption

by Jon Hartney
January 22, 2023
0

A 15-member committee is tasked with working on a legal framework that will allow cryptocurrencies to operate in

Load More
  • Trending
  • Comments
  • Latest

Ethereum Classic gets ‘endorsement’ from Vitalik Buterin, but ETC price still risks 50% crash

July 27, 2022

Critique on Helium’s $6.5K monthly revenue causes a stir

July 28, 2022

All aboard! Elon Musk’s Vegas Loop now taking Dogecoin payments

July 7, 2022

Cardano Vasil hard fork hit with another delay for several weeks

July 29, 2022

All aboard! Elon Musk’s Vegas Loop now taking Dogecoin payments

0

Crypto owners banned from working on US Government crypto policies

0

Korean startup Uprise lost $20M shorting LUNC

0

Ethereum testnet Merge mostly successful — ‘Hiccups will not delay the Merge.’

0

Bitcoin derivatives data shows room for BTC price to move higher this week

January 23, 2023

Bitcoin price consolidation opens the door for APE, MANA, AAVE and FIL to move higher

January 22, 2023

Genesis bankruptcy case scheduled for first hearing

January 22, 2023

Terra lending protocol Mars to launch mainnet

January 22, 2023

XBT.Market

This website is an automated news feed powered by the Nebulome cloud system. The site is made possible by YYC TECH Consulting and Alberta Digital Mining Company. As a team with major crypto and bitcoin enthusiasm, we have curated major sources of news, trading and financial data to bring you, our viewer, an unbiased source of truth.

Recent Posts

  • Bitcoin derivatives data shows room for BTC price to move higher this week January 23, 2023
  • Bitcoin price consolidation opens the door for APE, MANA, AAVE and FIL to move higher January 22, 2023
  • Genesis bankruptcy case scheduled for first hearing January 22, 2023
  • Terra lending protocol Mars to launch mainnet January 22, 2023
  • Central African Republic eyes legal framework for crypto adoption January 22, 2023

News Categories

  • Bitcoin
  • Blockchain
  • Business
  • Market

Tags

bitcoinMagzine Cointelegraph Cryptocurrency insidebitcoins Investment Mining Bitcoin NewsBTC

Quicklinks

  • Home
  • Coins MarketCap
  • Crypto Exchanges
  • Crypto Calculator
  • Top Gainers and Loser
  • News
  • Contact Us

© 2022 Xbt.Market - Powered by YYC Tech Consulting & ADMCO.

No Result
View All Result
  • Home
  • Coins MarketCap
  • Crypto Exchanges
  • Crypto Calculator
  • Top Gainers and Loser
  • News
  • Contact Us

© 2022 Xbt.Market by Nebulome.

  • bitcoinBitcoin(BTC)$23,060.00-0.19%
  • ethereumEthereum(ETH)$1,585.780.35%
  • USDEXUSDEX(USDEX)$1.07-0.53%
  • tetherTether(USDT)$1.00-0.32%
  • usd-coinUSD Coin(USDC)$1.00-0.05%
  • binancecoinBNB(BNB)$311.641.56%
  • rippleXRP(XRP)$0.4036970.82%
  • Binance USDBinance USD(BUSD)$1.010.42%
  • cardanoCardano(ADA)$0.378609-0.70%
  • dogecoinDogecoin(DOGE)$0.0931697.86%
  • matic-networkPolygon(MATIC)$1.10-0.67%
  • OKBOKB(OKB)$37.650.56%
  • SolanaSolana(SOL)$24.09-0.93%
  • Lido Staked EtherLido Staked Ether(STETH)$1,579.260.20%
  • polkadotPolkadot(DOT)$6.25-0.31%
  • Shiba InuShiba Inu(SHIB)$0.0000121.08%
  • litecoinLitecoin(LTC)$93.871.36%
  • AvalancheAvalanche(AVAX)$19.68-1.48%
  • tronTRON(TRX)$0.0628481.40%
  • daiDai(DAI)$1.00-0.16%
  • UniswapUniswap(UNI)$6.56-0.66%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$22,986.00-0.40%
  • cosmosCosmos Hub(ATOM)$13.260.28%
  • chainlinkChainlink(LINK)$6.98-0.46%
  • ToncoinToncoin(TON)$2.31-1.23%
  • leo-tokenLEO Token(LEO)$3.52-0.64%
  • moneroMonero(XMR)$174.86-3.37%
  • ethereum-classicEthereum Classic(ETC)$21.63-0.81%
  • AptosAptos(APT)$16.77-4.66%
  • bitcoin-cashBitcoin Cash(BCH)$133.941.74%
  • Aerarium FiAerarium Fi(AERA)$7.14-13.09%
  • stellarStellar(XLM)$0.090624-0.82%
  • ApeCoinApeCoin(APE)$5.84-2.82%
  • QuantQuant(QNT)$144.070.57%
  • CronosCronos(CRO)$0.078837-0.16%
  • NEAR ProtocolNEAR Protocol(NEAR)$2.33-2.26%
  • filecoinFilecoin(FIL)$5.12-0.27%
  • Lido DAOLido DAO(LDO)$2.09-0.97%
  • algorandAlgorand(ALGO)$0.239419-2.61%
  • vechainVeChain(VET)$0.023203-0.21%
  • HederaHedera(HBAR)$0.065030-0.38%
  • Internet ComputerInternet Computer(ICP)$5.77-1.77%
  • decentralandDecentraland(MANA)$0.74-2.52%
  • Axie InfinityAxie Infinity(AXS)$10.76-4.01%
  • FantomFantom(FTM)$0.4855625.94%
  • AaveAave(AAVE)$81.54-0.80%
  • eosEOS(EOS)$1.06-0.80%
  • The SandboxThe Sandbox(SAND)$0.73-3.04%
  • MultiversXMultiversX(EGLD)$43.04-0.39%
  • FlowFlow(FLOW)$1.01-1.17%
  • Terra Luna ClassicTerra Luna Classic(LUNC)$0.0001731.92%
  • FraxFrax(FRAX)$1.000.16%
  • theta-tokenTheta Network(THETA)$1.02-2.21%
  • tezosTezos(XTZ)$1.07-1.66%
  • paxos-standardPax Dollar(USDP)$1.00-0.28%
  • true-usdTrueUSD(TUSD)$1.000.10%
  • huobi-tokenHuobi(HT)$5.120.49%
  • bitcoin-cash-svBitcoin SV(BSV)$42.59-1.82%
  • kucoin-sharesKuCoin(KCS)$8.240.11%
  • The GraphThe Graph(GRT)$0.088841-0.27%
  • Frax ShareFrax Share(FXS)$10.382.54%
  • Curve DAOCurve DAO(CRV)$1.01-1.36%
  • Rocket PoolRocket Pool(RPL)$37.79-0.03%
  • USDDUSDD(USDD)$0.99-0.05%
  • havvenSynthetix Network(SNX)$2.300.15%
  • ChilizChiliz(CHZ)$0.133315-1.89%
  • eCasheCash(XEC)$0.0000361.56%
  • Trust WalletTrust Wallet(TWT)$1.673.28%
  • BitTorrentBitTorrent(BTT)$0.000001-0.46%
  • Mina ProtocolMina Protocol(MINA)$0.822.32%
  • dashDash(DASH)$60.511.80%
  • PancakeSwapPancakeSwap(CAKE)$4.031.21%
  • GateGate(GT)$4.411.68%
  • KlaytnKlaytn(KLAY)$0.203339-0.67%
  • iotaIOTA(MIOTA)$0.222978-2.06%
  • cUSDCcUSDC(CUSDC)$0.0227490.01%
  • BitDAOBitDAO(BIT)$0.51-6.46%
  • zcashZcash(ZEC)$45.280.63%
  • makerMaker(MKR)$644.43-0.06%
  • gemini-dollarGemini Dollar(GUSD)$1.010.46%
  • neoNEO(NEO)$8.14-1.15%
  • cDAIcDAI(CDAI)$0.022166-0.11%
  • ImmutableXImmutableX(IMX)$0.715.00%
  • OKCOKC(OKT)$30.18-1.71%
  • THORChainTHORChain(RUNE)$1.78-1.34%
  • Tokenize XchangeTokenize Xchange(TKX)$6.650.31%
  • WhiteBIT TokenWhiteBIT Token(WBT)$4.10-0.39%
  • RadixRadix(XRD)$0.051925-5.49%
  • ArweaveArweave(AR)$10.19-0.88%
  • PAX GoldPAX Gold(PAXG)$1,886.07-1.17%
  • OsmosisOsmosis(OSMO)$0.97-0.51%
  • FlareFlare(FLR)$0.043761-5.98%
  • GMXGMX(GMX)$56.73-1.13%
  • Tether GoldTether Gold(XAUT)$1,897.99-1.26%
  • BTSE TokenBTSE Token(BTSE)$2.86-8.59%
  • nexoNEXO(NEXO)$0.820.10%
  • cETHcETH(CETH)$31.66-0.01%
  • OptimismOptimism(OP)$2.13-1.03%
  • Convex FinanceConvex Finance(CVX)$5.92-1.69%
  • enjincoinEnjin Coin(ENJ)$0.4380310.15%