Reported 14 days ago
On Tuesday, cryptocurrencies and related stocks experienced an upward trend, driven by positive market sentiment and significant company announcements. Crypto stocks like Mara Holdings and MicroStrategy saw impressive gains of 10% and 12%, respectively, after news of increased funding aimed at purchasing more Bitcoin. Mara Holdings announced an offer of $850 million in convertible notes, while MicroStrategy revealed plans to float $1.75 billion in convertible notes. This influx of capital, combined with a favorable economic environment and optimism surrounding a pro-crypto presidential administration, suggests continued bullish momentum in the crypto market.
Source: YAHOO