Shares of companies in the cryptocurrency business powered higher Monday, after bitcoin rallied toward a fourth-straight gain, and the first close above the 22,000 in a month. Among those that are all about crypto, shares of Marathon Digital Holdings Inc. (MARA) shot up 23.3%, Riot Blockchain Inc. (RIOT) ran up 18.3% and Coinbase Global Inc. (COIN) climbed 13.8%. Among other companies with significant crypto exposure, MicroStrategy Inc.'s stock (MSTR) jumped 11.2% and Signature Bank (SBNY) surged 3.9%. Meanwhile, bitcoin charged up 6.6% to $22,183, and has soared 14.6% in four sessions since closing at a 19-month low on July 12, toward the highest close since July 15. The cryptocurrency has still plunged 45.6% over the past three months while the S&P 500 has declined 12.9%.
(END) Dow Jones Newswires
July 18, 2022 11:42 ET (15:42 GMT)
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