Crypto stocks, including Circle, Strategy, and Coinbase, are showing positive dynamics despite previous volatility, raising prices for Bitcoin and Ethereum.
Key Points of Stock Increase
Companies that showed stock growth include Circle (CRCL), Strategy (MSTR), and Coinbase (COIN). In pre-market trading, Strategy shares traded at $341.52, after an 8% drop the day before. However, subsequent trading saw a slight increase. According to Mizuho Securities, the price target for Strategy shares was raised from $563 to $586.
Recovery of Ethereum Stocks
Ethereum-related stocks, such as Bitmine Immersion (BMNR) and SharpLink Gaming, also showed slight encouraging changes. SharpLink shares rose by 5.33%, though they fell over 27% in the last month. Meanwhile, BTCS shares increased by 4.36%, despite a significant decline over the past 30 days.
Pressure on BTC and ETH Prices
Despite positive changes in stocks, the price of Bitcoin (BTC) decreased by 0.50% in the last 24 hours, settling at $113,356. Ethereum (ETH) rose by 1.7%, reaching $4,272. Increased trading volume indicates interest from traders, but overall pressure on prices remains.
Despite positive signals from cryptocurrency company stocks, pressure on Bitcoin and Ethereum prices remains high, which may limit further recovery in the short term.
