Crypto Market Rebound: Bitcoin and Ethereum Rally Boosting Associated Stock Prices
Publication Time:2024-07-26 21:36:07
In the recent opening of US stocks, the Dow Jones Industrial Average (Dow Jones Industrial Average) and the S&P 500 recorded gains of 0.75% and 0.58% respectively, while the Nasdaq Composite climbed by 0.8%. This upward momentum also benefited investment products in the cryptocurrency sector. Notably, the two leading figures in the cryptocurrency market - Bitcoin and Ethereum - showed clear signs of recovery, directly driving up the prices of associated stocks. Specifically, ProShares' Bitcoin strategy ETF (BITCOIN STRATEGY ETF) experienced a 4.3% increase, while iShares Bitcoin Trust (BITCOIN TRUST) saw a rise of 4.2%. A series of positive signals indicate that, despite the volatility in the cryptocurrency market over the past period, investor interest in cryptocurrencies seems to be gradually recovering.
Bitcoin
Ethereum
Cryptocurrency
ProShares
iShares
Stock Price Increase