E - Cryptocurrencies Are Going Nuts in 2021 Sending These Stocks Higher Today
The price of popular cryptocurrency bitcoin has more than tripled over the last three months. This has sparked a recent surge in the prices of other cryptocurrencies -- collectively known as alt-coins -- such as Ether, the native currency of the Ethereum blockchain. Ether is up over 50% just since Christmas Day.
As a reminder, bitcoin and Ether can be bought and sold every day around the clock, whereas stocks only trade during market hours. Bitcoin and Ether have started 2021 off strong, up more than 10% and 30% respectively. A big portion of these moves came over the weekend, but stocks couldn't move until Monday when the market opened. Now, many crypto-related stocks are making big moves. Consider these movements as of 2:15 p.m. EST:
Each stock is going up thanks to the rising prices of cryptocurrencies . But will this always be the case?
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Cryptocurrencies Are Going Nuts in 2021, Sending These Stocks Higher Today