Crypto-Linked Stocks Surge as Bitcoin Hits $23,000 Milestone

Bitcoin surpassed $20,000 mark for first time Wednesday
Marathon, Bit Digital jump; Square, PayPal hit records

Russia's Largest Bitcoin Mine Turns Water Into Cash — Photographer: Andrey Rudakov/Bloomberg

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By Sam Unsted and Felice Maranz

December 17, 2020 at 10:59 AM UTC

Updated on

December 17, 2020 at 2:53 PM UTC

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Cryptocurrency-exposed stocks soared Thursday as Bitcoin smashed through another record.

Bitcoin topped $23,000 per token on Thursday, having only surpassed the $20,000 milestone for the first time on Wednesday. The digital currency is currently trading at around $23,153, according to a composite of prices compiled by Bloomberg.