U.S. Stock Market News | Bitcoin concept stocks rise, MicroStrategy surges over 12%

Zhitong
2024.03.25 14:19
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On Monday, stocks related to Bitcoin concept rose. As of the time of writing, MicroStrategy surged over 12%, Riot Blockchain and Marathon Digital surged over 6%, and Canaan Technology surged over 3%. Max Minton, the head of digital assets in the Asia-Pacific region at Goldman Sachs, stated in an interview: "The recent approval of ETFs has sparked interest in cryptocurrencies among our clients. Many of our largest clients have become active in this area or are exploring it." Minton said: "Last year was relatively calm, but starting from the beginning of this year, we have seen a resurgence of client interest, including an increase in the number of new clients, the activity level of trading processes, and the overall trading volume."  

According to the Zhitong Finance and Economics APP, on Monday, the concept stocks of Bitcoin rose. As of the time of publication, MicroStrategy (MSTR.US) rose by over 12%, Riot Blockchain (RIOT.US) and Marathon Digital (MARA.US) rose by over 6%, and Canaan Inc. (CAN.US) rose by over 3%. Max Minton, the head of digital assets in the Asia-Pacific region at Goldman Sachs, stated in an interview: "The recent approval of ETFs has triggered our clients' interest in cryptocurrencies. Many of our largest clients have become active in this area or are exploring it."

Minton said: "Last year was relatively quiet, but starting from the beginning of this year, we have seen a resurgence of client interest, with an increase in the number of new clients, the activity of trading processes, and the overall trading volume."