U.Today - Shares of prominent cryptocurrency-related companies a notable uptick following a 1.18% increase in Bitcoin's price earlier today.
Coinbase (NASDAQ:COIN) Global, Bitfarms and MicroStrategy are leading the surge, each recording gains of around 2%, 1.2% and 1.42%, respectively.
Additionally, Riot Platforms (NASDAQ:RIOT) and the U.S.-listed shares of Hut 8 Mining (TSX:HUT) saw increases of 1.7% and 2.3%, while Marathon Digital (NASDAQ:MARA) Holdings outperformed its peers with a 3% rise.
Marathon Digital leading surge
This surge in production was further enhanced by an 18% month-to-month increase in their operational hash rate, reaching 22.4 EH/s.
The company's holdings now exceed 15,000 Bitcoins, with a combined total of cash and Bitcoin assets valued at approximately $1 billion.
Recovery in crypto market
EthereumAccording to the latest data from CoinGecko, Bitcoin is currently priced at $43,365, marking a 1.2% rise over the last seven days.
Ethereum follows suit, with a current price of $2,239 after a 0.9% gain in the last 24 hours and a 6.9% increase over the week.
Other major cryptocurrencies like BNB, Solana and XRP also experienced growth, contributing to positive sentiment in the market.
The overall market is showing a rebound after rumors about the U.S. Securities and Exchange Commission a slew of spot Bitcoin exchange-traded fund (ETF) applications caused a major market correction.