EBON - Bitcoin Approaches $42000 but Not All Cryptocurrency Stocks Are Up Today
The price of bitcoin is volatile these days, so I apologize if real-time prices differ significantly. As I began this writing, bitcoin nearly hit $42,000 per token -- an all-time high -- though it's since cooled off a little. Still, the price of bitcoin has more than doubled in just one month. And its market capitalization is now over $750 billion. Yes, billion .
When something this big goes up this fast, it's bound to attract attention as investors look for hidden ways to profit from the trend. Small-cap cryptocurrency stocks have been popular vehicles and many are on the rise again today. Consider these moves as of 12:30 p.m. EST:
But not all crypto/blockchain stocks were rising today. For example, Xunlei Limited (NASDAQ: XNET) stock and Ebang International Holdings (NASDAQ: EBON) stock were down 15% and 6% respectively. This is a big change from yesterday when Xunlei was the big winner and Bit Digital was losing.
For further details see:
Bitcoin Approaches $42,000, but Not All Cryptocurrency Stocks Are Up Today