United

Bitcoin ETF

Bitcoin

Rise

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/crypto-companies-continue-to-rise-amid-market-movements/" data-wpel-link="internal">Crypto Companies Continue to Rise Amid Market Movements</a><br></p>
<p class="p1" style="text-align: justify">The crypto market continues to experience volatile hours. Accordingly, the share prices of the <a href="https://en.coin-turk.com/big-day-in-the-cryptocurrency-market-bitcoin-will-either-make-it-or-break-it/" data-wpel-link="internal">Bitcoin</a>-focused public companies MicroStrategy and the cryptocurrency exchange <a href="https://en.coin-turk.com/binance-brazil-director-summoned-to-testify-before-brazilian-parliament/" data-wpel-link="internal">Coinbase</a> showed an increase during the pre-market trading session following the rise of Bitcoin’s price above the $45,000 level and the potential end of the Bitcoin ETF decision process on January 10th.</p> 
<h2 class="p1" style="text-align: justify" id="crypto-companies-stocks-on-the-rise">Crypto Companies’ Stocks on the Rise</h2> 
<p class="p1" style="text-align: justify">In the pre-market trading session on January 2nd, Coinbase shares rose by 6% while MicroStrategy recorded a 9% increase. Coinbase shares climbed to $184.99 with a 6.4% rise, and MicroStrategy shares achieved a 9.14% increase, reaching $689.11. The pre-market trading session typically occurs in the hours before the market opens at 9:30 AM in New York, allowing investors to buy and sell stocks before the open market.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-297208 size-full" src="https://coin-turk.com/wp-content/uploads/2024/01/coinbase-fiyat.webp" alt="" width="1308" height="574"></p> 
<p class="p1" style="text-align: justify">After a challenging 2022, Coinbase’s share price increased by about 36% last month and approximately 420% over the year. However, the share price of America’s first publicly traded crypto exchange continues to trade about 46% below its all-time high of $343, which was set after its launch in 2021.</p> 
<p class="p1" style="text-align: justify">Similarly, MicroStrategy shares showed a 25% increase last month and a 372% rise over the past year, currently trading about 8% below its highest level of $750 seen in 2021.</p> 
<p class="p1" style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-297207 size-full" src="https://coin-turk.com/wp-content/uploads/2024/01/microstrategy-fiyat.webp" alt="" width="1308" height="574"></p> 
<h2 class="p1" style="text-align: justify" id="noteworthy-details-in-the-market">Noteworthy Details in the Market</h2> 
<p class="p1" style="text-align: justify">Other crypto-focused public companies such as PayPal or Block Inc. did not experience a rise in the pre-market trading session despite the upward momentum in the Bitcoin market. However, this situation can certainly change at market openings in the United States.</p> 
<p class="p1" style="text-align: justify">The recent changes in the share prices of crypto-focused companies form a contrasting view to the end-of-year trajectory of most crypto-focused companies, with many seeing their share prices fall amid broader market corrections. The recent price increase of the two major Bitcoin-focused companies is linked to the potential approval of a spot Bitcoin ETF.</p> 
<p class="p1" style="text-align: justify">MicroStrategy continues to be the largest institutional investor in Bitcoin, while Coinbase has been selected as a custodian by several institutional giants applying to launch spot Bitcoin ETF services.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/crypto-companies-continue-to-rise-amid-market-movements/" data-wpel-link="internal">Crypto Companies Continue to Rise Amid Market Movements</a></h5>

Crypto Companies Continue to Rise Amid Market Movements

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