Rally

Cryptocurrency

COIN

Bitcoin

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 Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our&nbsp;<a href="https://tokenist.com/terms-of-service/" style="text-decoration:underline;color:#3c7b7b" target="_blank" rel="noreferrer noopener" class="deco-link">website policy</a>&nbsp;prior to making financial decisions.
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<p class="has-drop-cap">Cryptocurrency stocks are rising, with companies like Coinbase Global, Inc. (NASDAQ: COIN) gaining 5.60% in <a href="https://tokenist.com/investing/how-to-trade-after-hours/" rel="dofollow" class="deco-link">premarket trading</a>. This surge comes as Bitcoin, the world’s largest cryptocurrency, has crossed the <a href="https://tokenist.com/bitcoin-above-72000-as-digital-asset-products-see-surge-in-inflows/" rel="dofollow" class="deco-link">$72,000</a> mark.</p> 
<p>The bullish sentiment extends to the broader digital asset market, with investment products attracting $646 million in inflows last week. While <a href="https://tokenist.com/investing/how-to-invest-in-bitcoin/" rel="dofollow" class="deco-link">Bitcoin</a> received most of these inflows at $663 million, other cryptocurrencies such as Litecoin, Solana, and Filecoin have also seen an uptick.</p> 
<h3 id="crypto-stocks-gain-as-bitcoin-crosses-72-000">Crypto Stocks Gain as Bitcoin Crosses $72,000</h3> 
<p>Cryptocurrency and blockchain-related stocks are experiencing significant premarket movements today. Block, Inc. (NYSE: SQ) saw a slight increase of 0.21%, trading between $72.77 and $77.33 with a volume of 8,897,862 shares.</p> 
<p>Coinbase Global, Inc. gained 5.60%, trading in the range of $240.20 to $253.96 with a volume of 8,438,580 shares. Marathon Digital Holdings, Inc. (NASDAQ: MARA) rose 6.62%, trading between $18.07 and $19.26 with a volume of 31,600,114 shares. Riot Platforms, Inc. (NASDAQ: RIOT) climbed 5.69%, trading in the range of $9.89 to $10.46 with a volume of 17,417,378 shares.</p> 
<p>MicroStrategy Incorporated (NASDAQ: MSTR), known for its <a href="https://tokenist.com/microstrategy-now-owns-1-02-of-all-btc-but-is-mstr-stock-a-buy/" rel="dofollow" class="deco-link">significant Bitcoin holdings</a>, witnessed the most substantial premarket movement among the mentioned companies.</p> 
<p>The stock surged 11.54%, trading between $1,432.00 and $1,674.25 with a volume of 2,273,995 shares. The company’s market capitalization stands at an impressive $24.417 billion, with a 52-week range of $266.00 to $1,999.99.</p> 
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<h3 id="digital-asset-investment-products-see-resurgence-in-inflows">Digital Asset Investment Products See Resurgence in Inflows</h3> 
<p>Digital asset investment products saw a significant capital inflow last week, attracting $646 million in inflows, with Bitcoin receiving the lion’s share at $663 million. The leading cryptocurrency’s price surged 4.5% to trade above $72,000, reaching $72,661.70 at one point.</p> 
<p>The continuous interest in Bitcoin demonstrates enduring confidence among investors, further demonstrated by short-bitcoin investment products experiencing outflows totaling <a href="https://blog.coinshares.com/volume-177-digital-asset-fund-flows-weekly-report-b1855bff6f4e" target="_blank" aria-label="$9.5 million (opens in a new tab)" rel="noreferrer noopener nofollow" class="deco-link">$9.5 million</a> for the third consecutive week.</p> 
<p>However, there has been a moderation in ETF investors’ appetite, with weekly flow levels not reaching the highs seen in early March. </p> <iframe src="https://tokenist.substack.com/embed" width="100%" height="320" style="border:1px solid #EEE; background:white;" frameborder="0" scrolling="no"></iframe> 
<p><strong><em>Do you think the Bitcoin halving could serve as a catalyst for the flagship cryptocurrency and crypto stocks? Let us know in the comments below.</em></strong></p> 
<p><em>Disclaimer: The author does not hold or have a position in any securities discussed in the article.</em></p> 
<h3 id="br"><br></h3> 
<p>The post <a rel="nofollow" href="https://tokenist.com/crypto-stocks-rally-as-bitcoin-breaks-72000-barrier/">Crypto Stocks Rally as Bitcoin Breaks $72,000 Barrier</a> appeared first on <a rel="nofollow" href="https://tokenist.com">Tokenist</a>.</p>

Crypto Stocks Rally as Bitcoin Breaks $72,000 Barrier

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