Why Bitcoin- And Ethereum-Related Stocks Are Rising

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Shares of crypto-related stocks, consisting of Bit Digital Inc (NASDAQ: BTBT), Canaan Inc– ADR (NASDAQ: CAN) and Riot Blockchain Inc (NASDAQ: RIOT), are all trading greater Friday afternoon in the middle of a boost in the cost of Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH).

Bitcoin is trading 3.0% greater Friday afternoon at around $41,750.

Ethereum is trading 5.8% greater Friday afternoon at around $2,950.

Bit Digital is taken part in the bitcoin mining organization. The business’s mining platform runs with the main intent of collecting bitcoin which might cost fiat currency from time to time depending upon market conditions.

Bit Digital is trading greater by 8.6% at $3.67 per share.

Canaan is a designer of supercomputing chips and the maker of digital

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