NCTY - Why Shares of Coinbase MicroStrategy Grayscale and The9 Limited All Rose Today
Several crypto stocks rose today after cryptocurrencies rebounded this weekend, with Bitcoin (CRYPTO: BTC) in particular rising 15% and now trading around $34,540 per token.
Shares of the popular crypto exchange Coinbase Global (NASDAQ: COIN) rose close to 10% today, while shares of the business intelligence company MicroStrategy (NASDAQ: MSTR) jumped 13.5%. Shares of the investment vehicle Grayscale Digital Large Cap Fund (OTC: GDLC) climbed nearly 10% on Monday, while shares of the Chinese tech company The9 Limited (NASDAQ: NCTY) rose 12.6%.
The general rise of stocks that operate in the crypto space appears to be linked to the rebound of cryptocurrencies over the weekend. Cryptocurrencies have been on a wild ride this year, with Bitcoin approaching $65,000 at one point before dipping below $30,000.
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Why Shares of Coinbase, MicroStrategy, Grayscale, and The9 Limited All Rose Today