tl;dr
Bitcoin (BTC-USD) briefly reached $38K in Friday morning trading, marking the highest level seen since May 2022 and causing a rise in crypto-exposed stocks. The digital token (BTC-USD) advanced 2.6% to $37.9K at 10:12 a.m. ET, with the CEO and Founder of MN Trading suggesting that $40K is the nex...
Bitcoin (BTC-USD) briefly reached $38K in Friday morning trading, marking the highest level seen since May 2022 and causing a rise in crypto-exposed stocks.
The digital token (BTC-USD) advanced 2.6% to $37.9K at 10:12 a.m. ET, with the CEO and Founder of MN Trading suggesting that $40K is the next price point. This comes despite increased regulatory scrutiny across the crypto space, including Binance's $4.3B fine and the SEC charging Kraken for commingling customer money.
Furthermore, crypto-linked stocks were mostly higher at the time of writing, with MicroStrategy, Marathon Digital, Riot Platforms, Bakkt Holdings, and HIVE Digital Technologies all seeing gains.
More about MicroStrategy Incorporated
Key financial metrics for MicroStrategy Incorporated include a market cap of $7.37 billion, a stock price of $250.19, a 52-week change of 43.49%, and a price-to-earnings ratio of 536. The company operates in the technology sector, offering services in prepackaged software.
In terms of stock performance, MicroStrategy's stock has shown a 52-week change of 43.49%, indicating strong growth over the past year.
Market sentiment for MicroStrategy Incorporated is slightly negative, with a price-to-earnings ratio of 536 and a change in operating margin of -0.775.
More about Marathon Digital Holdings Inc
Key financial metrics for Marathon Digital Holdings Inc include a market capitalization of $2,295,264,000 and a stock price of $11.07. The company has reported a decrease in net income by 3.08% and a decrease in earnings per share by 1.337%.
Stock performance for Marathon Digital Holdings Inc has seen a 6.71% increase, with a market sentiment that appears to be neutral based on the financial data provided.
More about Riot Blockchain Inc
Riot Blockchain Inc is primarily focused on cryptocurrency mining with operations in North America. The company's total revenue for the last fiscal year was $2.4 billion, with a net income of $0. The company's stock performance has seen a decrease of 1.8% over the last year, and currently trading at $16.18 per share. Market sentiment towards Riot Blockchain Inc is slightly negative, with a current sentiment score of -1.102.
More about Bakkt Holdings Inc
Key financial metrics for Bakkt Holdings Inc show a 142.63M in revenue and a -1.67% operating margin. The stock is currently trading at 6.77 and has a market sentiment of -0.254. The company's market capitalization is 579.87M with a P/E ratio of 1.07.
More about HIVE Blockchain Technologies Ltd
Key financial metrics for Aerohive Networks, Inc. include a market cap of $251.5 million, a P/E ratio of 0, and a profit margin of -1.51%. The company's stock performance has seen a decrease of -1.617% and a trading volume of 78,873,000. The market sentiment is mixed with a current stock price of $4.75 and a one-year target estimate of $2.217, indicating a potential decrease.
Disclaimer:
This is not financial advice. Please do your own research before investing in any cryptocurrency.