Posted 12/5/2023, 1:59:50 AM
Crypto Stocks Soar Over 300% as Bitcoin Hits $42K
- Coinbase, Marathon Digital, Riot Platforms crypto stocks surge over 300% YTD as Bitcoin reaches $42K
- Crypto investment firms like Galaxy Digital, MicroStrategy also see triple-digit returns in 2023
- Gains come despite mixed results for wider stock market like Microsoft, Apple, Nvidia on Dec. 4
- Analysts say crypto stocks rally off Bitcoin's 150% YTD gain; seen as way to gain crypto exposure pre-ETFs
- Upcoming Bitcoin halving, possible US spot ETFs, Fed rate cuts could fuel further crypto gains in 2023