CAN - Riot Blockchain Canaan and The9 Stock All Soared Today as Bitcoin Becomes $1 Trillion Asset
Bitcoin (CRYPTO: BTC) reached an unprecedented milestone for a cryptocurrency on Friday morning. The price of Bitcoin tokens surpassed $53,700 each, carrying Bitcoin's market capitalization over $1 trillion. And stocks that are related to Bitcoin like Riot Blockchain (NASDAQ: RIOT) , Canaan (NASDAQ: CAN) , and The9 Limited (NASDAQ: NCTY) are all soaring today as a result, up 21%, 33%, and 23%, respectively, as of noon EST.
According to Coinbase, Bitcoin is up around 5% over the past 24 hours, hitting all-time highs above $54,300. But there are other cryptocurrencies making much bigger moves today. One is Binance Coin (CRYPTO: BNB) , up roughly 49% as of this writing. And this outsize move is probably telling us something.
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Riot Blockchain, Canaan, and The9 Stock All Soared Today as Bitcoin Becomes $1 Trillion Asset