Yigit Taha OZTURK 
As U.S. markets open, shares of crypto-focused companies are experiencing a significant rise. Coinbase shares, surpassing $300 for the first time since November, have gained momentum due to the increase in Bitcoin and other crypto assets. Joining the upward trend in the S&P 500 and Nasdaq indices, crypto companies are now seeing strong gains. In particular, shares of companies focused on the crypto sector like Coinbase and MicroStrategy have strengthened considerably with Bitcoin’s rise.
Coinbase’s surge marks the first time since the major bull market of November 2021 that it has surpassed the $300 trading price. With a gain of over 10%, Coinbase’s stock saw substantial growth following market opening. Bitcoin mining companies also followed suit. Marathon Digital shares increased by 15%, while RIOT Platforms and Bitdeer rose by 11% and 12%, respectively. Other Bitcoin mining companies posted impressive gains as well, with Core Scientific up by 5% and Bitfarms by 12%.
Alongside Coinbase, crypto exchange Robinhood experienced a 3% rise. As a leader among Bitcoin-focused companies, MicroStrategy gained attention with a 10% increase. Tesla, reflecting its connection to the crypto world, gained 8%, while Block (formerly known as Square) saw a 3% rise.
These gains indicate that the crypto world is becoming more integrated with traditional financial markets, and the influence of Bitcoin is expanding. This surge in the crypto space presents a substantial opportunity for both investors and industry companies alike.
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