EBON - Here's Why Coinbase Global Canaan and Ebang International Were Up Big Today
Rising prices for leading cryptocurrencies, including Bitcoin and Ethereum 's Ether, are prompting big gains for crypto-related stocks in today's trading. Coinbase Global (NASDAQ: COIN) , Canaan (NASDAQ: CAN) , and Ebang International Holdings (NASDAQ: EBON) are among the players in the space posting significant gains in the session. The stocks were up roughly 7.7%, 11.7%, and 12.1%, respectively, as of 1:30 p.m. EDT.
Ether's token price has risen 30% over the last month, while Bitcoin's price per token has climbed roughly 29% across the stretch. Strong pricing momentum for leading cryptocurrencies typically drives valuations for trading and mining specialists higher, so it's not surprising to see cryptocurrency technology companies participating in the recent rebound for the broader crypto market.
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Here's Why Coinbase Global, Canaan, and Ebang International Were Up Big Today