Coinbase, Marathon Digital Lead 2023 Resurgence in Crypto Stocks
- Gauge of crypto-exposed stocks has rallied 52% this year
- Bitcoin has seen its longest stretch of gains since 2013
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Cryptocurrency-linked stocks are roaring back as Bitcoin enjoys its longest winning streak in more than nine years.
The rally in Bitcoin, which is on track for its 14th consecutive gain on Tuesday, is boosting shares of crypto-exposed companies such as Coinbase Global Inc., Marathon Digital Holdings Inc. and Riot Platforms Inc., which are all up 50% or more since the start of the year. Meanwhile, the NYSE FactSet Global Blockchain Technologies Index has surged more than 52% and is set for its best month since February 2021.