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Home News

Bitcoin Market Update

by Myfxtools
February 27, 2024
in News
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Bitcoin-related stocks and funds experienced a surge on Tuesday, with the cryptocurrency’s price surpassing $57,000 to reach its highest level since November 2021’s record high.

Rising Stocks and Funds

  • Coinbase Global Inc. (COIN): Shares rose by 2.5% to approximately $198.91.
  • MicroStrategy Inc. (MSTR): Stock saw an 11% increase to $884.32.

Spot Bitcoin ETFs

  • iShares Bitcoin Trust IBIT: Increased by 5.5% to $32.84.
  • Grayscale Bitcoin Trust GBTC: Rose by 5.3% to $51.20.
  • ARK 21Shares Bitcoin ETF ARKB: Climbed 5.3% to $57.42.
  • VanEck Bitcoin Trust HODL: Saw a 5.5% increase to $65.12.

Bitcoin Funds Performance

  • Fidelity Wise Origin Bitcoin Fund FBTC: Gained 5.2% to $50.19.
  • WisdomTree Bitcoin Fund BTCW: Added 5.2% to $61.03.
  • Franklin Bitcoin ETF EZBC: Advanced 5.5% to $33.40.
  • Valkyrie Bitcoin Fund BRRR: Rose 5.2% to $16.26.

Other ETF Performances

  • Bitwise Bitcoin ETF BITB: Climbed 4.8% to $31.18.
  • Invesco Galaxy Bitcoin ETF BTCO: Advanced 5% to $57.27.

Bitcoin Miners

Bitcoin miners displayed mixed performance on Tuesday:

  • Marathon Digital Holdings Inc. (MARA): Rose by 3.6% to $30.19.
  • Ebang International Holdings Inc. (EBON): Dipped 0.1% to $10.44.
  • Riot Platforms Inc. (RIOT): Fell by 3.3% to $16.80.

Stay tuned for further updates on the dynamic Bitcoin market!

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