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Why Shares of Coinbase, Silvergate Capital, and MicroStrategy Incorporated Are Rising This Week

·3 min read
Why Shares of Coinbase, Silvergate Capital, and MicroStrategy Incorporated Are Rising This Week
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Shares of several crypto stocks are rising this week as the price of the world's largest cryptocurrency, Bitcoin (CRYPTO: BTC), has bounced more than 7.5% since Sunday. For the week, shares of the large crypto exchange Coinbase (NASDAQ: COIN) traded more than 7% higher as of 10:53 a.m. ET today. Shares of the crypto bank Silvergate Capital (NYSE: SI) traded nearly 17% higher, and shares of the business intelligence and Bitcoin buyer MicroStrategy Incorporated (NASDAQ: MSTR) were up more than 21%.