Bitcoin Tops $79,000, Sending Canaan Up More Than 25%
Summary
- Bitcoin (BTC)’s move above $79,000 lifted crypto-related stocks listed in the U.S. across the board.
- Bitcoin miner Canaan (CAN) surged more than 25%, while Strive (ASST) and Metaplanet (MTPLF) each rose more than 16%.
- Bitcoin was trading at $77,132.37, up 6.08% from a day earlier, on Binance’s Tether (USDT) market.
Forecast Trend Report by Period
Bitcoin’s move above $79,000 lifted U.S.-listed crypto-related stocks across the board.
Cointelegraph reported on August 21 that Bitcoin miner Canaan Inc. (CAN) surged more than 25%. Strive (ASST) and Metaplanet (MTPLF), both corporate Bitcoin holders, also climbed more than 16% each.
The rally in crypto-linked stocks appeared to follow Bitcoin’s continued advance past $79,000.
As Bitcoin extends its gains, shares of related companies, including miners and Bitcoin-holding firms, are also seeing bigger moves.
Bitcoin traded at $77,132.37 on Binance’s Tether (USDT) market as of 5:05 a.m. on August 22, up 6.08% from a day earlier.
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