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Coinbase, Silvergate Get a Crypto Rally; Bitcoin Moves Higher

David Benoit
·1 min read
Coinbase, Silvergate Get a Crypto Rally; Bitcoin Moves Higher

There’s a rally in heavily-shorted cryptocurrency-connected stocks. Silvergate Capital's stock is up more than 23% Wednesday, on pace for one of its biggest percentage gains in a year. Bitcoin miner Marathon Digital Holdings is up about 22%. And exchange Coinbase is up 12% after it agreed to pay [$100 million](https://www.wsj.com/livecoverage/stock-market-news-today-01-04-2023/card/coinbase-to-pay-100-million-in-settlement-with-new-york-regulator-PUp5jRLKzaaACL9omSdS) to settle accusations by Ne

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