The latest bitcoin price rally is also fueling a surge in the price of cryptocurrency-related stocks across the globe. Their value is seeing notable gains in the last couple of days.
Crypto Stocks Benefit From Bitcoin Price Surge
Bitcoin has gone through a major price rally in the last couple of days, jumping more than 20 percent in less than 48 hours.
It appears, however, that the cryptocurrency’s price is also incremental for companies associated with the industry. Stocks linked to cryptocurrencies in both Asia and the US have marked notable gains during the same period, according to Bloomberg.
In Asia, leading the march was Japan-based Remixpoint Inc., which saw its stock surge 16 percent today, adding to the 26 percent weekly increase. Vidente Co. is another company which saw 20 percent gains since the weekend.
Small-cap cryptocurrency stocks in the US are also benefiting from the recent surge. Riot Blockchain Inc., has recorded gains of 24 percent in the past couple of days.
Furthermore, the world’s largest…