![]() The price of Bitcoin scaled northward, partly because of the Federal Reserve's move to pause the interest rate hike in June. Nonetheless, the price of Bitcoin has notched gains of nearly 80% so far this year, and it remains above the 200-day moving average, signaling a further upswing. Similarly, the prices of meme coins such as Dogecoin and Shiba Inu spiked. The price of the second-largest crypto, Ethereum, has also scaled upward. Rather it was acknowledged as a commodity, which is a positive ruling for the digital asset industry on the whole. The federal court ruling didn’t accept a crypto token as a security. ![]() The price of Bitcoin, incidentally, hit a 13-month high above $31,750 last week after market participants cheered Ripple-SEC Ruling. The price of the world’s numero uno cryptocurrency continues to hover between the psychologically vital $30,000 level and $31,000 over the past month. Let’s see why: Bitcoin Staging a Remarkable Rally This YearĬryptocurrencies ticked up on Jul 20, with the price of Bitcoin increasing nearly 1% in 24 hours to $30,279. and Marathon Digital have easily outperformed the price of Bitcoin (BTC) and other primary cryptocurrencies’ noteworthy rally so far in 2023. regulatory establishments, shares of some of the crypto-related stocks such as Coinbase Global, MicroStrategy, Riot Platforms, Inc. Here are highlights from Friday’s Analyst Blog: 4 Crypto Stocks That Have Outshined Bitcoin This Yearĭespite the enduring scrutiny of the digital asset industry by U.S. Stocks recently featured in the blog include: Coinbase Global COIN, MicroStrategy MSTR, Riot Platforms, Inc. ![]() Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Chicago, IL – J– announces the list of stocks featured in the Analyst Blog. ![]()
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