US Stock Market Watch: Crypto-Focused Stocks Surge as Ethereum Reaches New Highs, Bitmine Immersion Technologies Climbs Over 9%

Stock News

Sep 11

On Friday, the cryptocurrency market witnessed a notable rally, propelling shares of crypto-related companies sharply higher.

Ethereum broke above the $2,600 mark, hitting a near eight-month peak with a jump of almost 7% over a 24-hour period. Meanwhile, Bitcoin flirted with the $80,000 threshold, advancing more than 2% in the same timeframe.

This upward momentum rippled through the equity market, lifting a basket of cryptocurrency-linked stocks. Bitmine Immersion Technologies (BMNR.US) led the charge with a surge of over 9%. Strategy (MSTR.US) followed suit, gaining more than 5.7%, while CleanSpark (CLSK.US) and Hut 8 (HUT.US) both advanced by over 7%. Additionally, Coinbase (COIN.US) saw its stock climb more than 5% during the session.

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