Major crypto-related stocks rise; Silvergate leading with 25%

The top 12 crypto-related stocks recorded increases in the past 24 hours, and crypto bank Silvergate Capital (SL) recorded the highest spike with over 25% to reach $21.83 at the time of writing.

Marathon Digital (MARA) and  Coinbase (COIN) followed Silvergate’s lead by recording the second-largest increase, over 13% each. At the time of writing, Marathon Digital stocks are traded for around $7.65, while Coinbase stocks linger at approximately $66.88.

Bitcoin mining company Riot (RIOT) was placed third in the ranking. The company’s stock price exceeded $6.50, marking an increase of over 11.20% in the last 24 hours.

8-9% increase

BitDigital (BTBT) and Core Scientific (CORZQ) stock prices surpassed $1.50 and $0.30, respectively, which marks over 9% increase for each stock.

On the other hand, Hut Mining (HUT) recorded an 8.89% spike to reach $1.94 per share.

5-6% increase

SoFi (SOFI) shares reached $7.20, marking a 6.75% increase per stock, while Microstrategy (MSTR) and Robinhood (HOOD) recorded over 5% increases each. As a result, Microstrategy shares rose over $287.35, while Robinhood’s exceeded $10.50.

4% and below

HIVE Blockchain (HIVE) appeared at the bottom section of the list by increasing by 4.33%, which pushed the stock prices up to $3.42.

Finally, CME Group (CME) recorded a slight increase at.50%, seeing over $187.3 per share.

Journalist at CryptoSlate

Zeynep is an academic who turned to crypto in 2018. Originating in social sciences, she is especially interested in the social impact of blockchain and cryptocurrencies and strongly believes in their transmuting power.