Bitcoin’s Best Month Since 2020 Revives Crypto-Linked Stocks
- Coinbase, Marathon Digital and MicroStrategy rise in February
- Optimism over upcoming Bitcoin halving further fueling rally
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A major rally in Bitcoin is refueling gains in shares of cryptocurrency-linked mining and trading companies, putting the group back on track to add to last year’s big run.
The world’s largest crypto based on market value is on track to add 48% in February for its best monthly performance since December 2020. That’s helped lift an index that tracks companies linked to digital assets up 36% in February, after slumping more than 20% the month before.