10 crypto shares that have so far gone up at the January rally

10 crypto shares that have so far gone up at the January rally

stocks and bonds received a nice buoyancy thanks to the hissing inflation, the strong consumer and employment confection and the hope of lower interest rates. But the cryptocurrency spot exchange market absolutely increased at a Bitcoin price rally.

The BTC Prize has recovered so dramatically since the beginning of the year that Bloomberg Intelligence announced that BTC is already one of the most powerful assets of 2023.

These five popular crypto shares ripped up when the price of Bitcoin skyrocketed

Coinbase (Nasdaq: Coin) - 63 %

Coinbase shares started trading on Nasdaq in a little over $ 33 in 2023. During the last rally, he rose to a high of $ 54 on January 17, achieving an annual profit of 63 %. Since then he has decreased to around $ 49.40 at the time of writing this article.

investors could also keep an eye on the company's cost reduction measures. Coinbase dismissed almost 1,000 other employees this month-the second discount round of the crypto exchange in less than a year.

Microstrategy (Nasdaq: MSTR) - 67 %

The CEO of the business intelligence and cloud company Microstrategy, Michael Saylor, believes that Bitcoin will be a global value memory by 2031.

Part of the company's macrost strategy was to accumulate and keep huge amounts of BTC. This crypto share gives owners access to Bitcoin and managers who think as cryptocurrency enthusiasts do.

The MSTR share started the year with the trade at $ 141, but rose to $ 236 on January 17, which corresponds to a profit of 67 %. The company will announce its financial results for the fourth quarter on February 2. It is currently being traded at around $ 221.

Block, Inc. (NYSE: SQ) 19 %

Zacks Equity Research reported a strong search interest in block shares on Thursday morning on Zacks.com

No wonder why. This hot crypto share of the company, which belongs to Cashapp, rose from $ 63 at the beginning of the year to $ 75 on January 17th. Cashapp added Lightning Network integrations last autumn. It is currently being traded at around $ 70.

nvidia (Nasdaq: NVDA) 21 %+

nvidia is one of the world's leading manufacturers of graphics cards. However, its GPUs can do more than just breathtaking visual displays. NVIDIA GPUs are generally used to dig cryptocurrencies.

This crypto share offers its shareholders blockchain engagement and at the same time remains diversified in semiconductors and games. NVDA rose from $ 146 at the beginning of the year to $ 177 at its peak during the recent crypto price rally. At the moment it is traded at around $ 167.

Advanced Micro Devices (Nasdaq: AMD) 10.7 %+

Advanced Micro Devices is another company with crypto exposure because it produces semiconductors that are used in crypto mining. The share price rose from $ 65 at the beginning of the year to $ 72 to the climax of the rally. At the time of writing, around $ 68 changes the owner.

These five crypto mining stocks exploded

Marathon Digital (Nasdaq: Mara) 145 %+

The crypto share for stocks of this Bitcoin mining company from Las Vegas rose from $ 3.42 to New Year to $ 8.37 at the height of the rally. The 145 % for the best month of the Marathon Digital Holding had been doing him for a year. It is currently being traded at $ 7.34

hut 8 (tse: hut) 116 %+

The shares of HUT 8 rose from 1.16 CAD to 2.51 CAD on January 16. That was a win of 116 % for the crypto mining share. Here is the latest protocol of HUT 8. At the time of writing this article, it is traded at around CAD2.22.

Bitfarms (Nasdaq: Bitf) 150 %+

Bitfarms was the biggest winner among the crypto shares during this rally. The shares of the Canadian Bitcoin mining company rose by a whopping $ 150 % from $ 0.44 per share to <10 $.

riot blockchain (Nasdaq: Riot) 89 %+

Riot Blockchain raised his Bitcoin production during the crypto winter last year. This year the bulls brought the crypto share from $ 3.39 to $ 6.41 during the New Year rally. At the moment it is traded at $ 5.78.

hive blockchain (Nasdaq: Hive)

The share of this Canadian Bitcoin miner rose from $ 1.44 to $ 1.88 during the crypto bull run. In the last quarter, Hive Blockchain showed a strong balance without debt and 3,311 Bitcoin.

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