Crypto Stocks Reach New Heights as Marathon Digital, MicroStrategy, Coinbase Soar


A number of crypto-related stocks hit a 52-week high on Friday, yet bitcoin (BTC-USD) and ethereum (ETH-USD), the two biggest tokens by market cap, remain below the yearly peak.

Bitcoin (BTC-USD) decreased by 0.7% in the past 24 hours to ~$43.7K, below its 52-week peak of $44.7K, while ether (ETH-USD) rose 3.5% to ~$2.32K, further away from its 52-week high of $2.40K.

Marathon Digital Holdings (NASDAQ:MARA), a bitcoin miner, surged 7.8% in Friday trading to $26.71, reaching as high as $27.73, still far from its all-time high of ~$83.45 in November 2021. Iris Energy (NASDAQ:IREN) increased 8.7% to $8.35, with its highest price in the past year being $8.80. In November 2021, it had traded as high as $28.25.

Global X Blockchain ETF (NASDAQ:BKCH) went up 5.5% Friday to close at $50.30, but had reached a 52-week high of $51.67 earlier in the session. Its price in November 2021 was ~$165. MicroStrategy (NASDAQ:MSTR) held 174,530 bitcoins at Nov. 30, 2023 and gained 6.4% to close at $618.97, peaking at $622.58 earlier. Its highest price in the past ten years was ~$1,315 in February 2021.

Crypto exchange Coinbase Global (NASDAQ:COIN) rose 4.3% to $175.07, after it touched a 52-week high of $179.70. The crypto exchange, which went public in April 2021, hit its all-time high of ~$357 in November 2021. CleanSpark (NASDAQ:CLSK), a bitcoin miner focusing on sustainable infrastructure, advanced 3.1% to $11.89, retreating from its 52-week high of $12.24. In 2018, the stock had reached as high as $150.10.

Bitfarms (NASDAQ:BITF), another bitcoin miner, rose 3.1% to $2.98 in Friday trading, after hitting as high as $3.12 during the session. Its all-time high was $9.36 in November 2021. Robinhood Markets (NASDAQ:HOOD), a stock and crypto-trading app, edged up 0.2% to $12.92. Its all-time high, soon after its IPO in August 2021, was $85.

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