Investing.com | Editor Venkatesh Jartarkar
Published Oct 16, 2023 01:39PM ET
On Monday, a wave of significant increases swept across the major cryptocurrencies, with Solana and Bitcoin leading the charge. Solana witnessed a robust 5.57% rise to $23.31, while Bitcoin followed closely, recording a 2.97% increase to $28,001.20. Other prominent cryptocurrencies like Ethereum and Ripple also experienced modest gains during the trading session.
In tandem with the crypto market’s upswing, shares of crypto-related companies displayed notable growth. Coinbase (NASDAQ:COIN) Global Inc., Tesla (NASDAQ:TSLA) Inc., NVIDIA Corp (NASDAQ:NVDA)., Riot Platforms Inc., and MicroStrategy Inc. were among those registering substantial increases.
The fund market echoed this positive trend, with Bitwise Crypto Industry Innovators ETF, Amplify Transformational Data Sharing ETF, and Grayscale Bitcoin Trust seeing significant growth as well. The Grayscale Bitcoin Trust, Amplify Transformational Data Sharing ETF, and Bitwise Crypto Industry Innovators ETF all recorded substantial growth during Monday’s trading session.
Other crypto-related companies such as Marathon Digital (NASDAQ:MARA) Holdings Inc., Overstock.com (NASDAQ:OSTK) Inc., Block Inc., PayPal Holdings Inc (NASDAQ:PYPL)., Ebang International Holdings Inc., and Advanced Micro Devices (NASDAQ:AMD) Inc. also saw their shares rise on Monday.
This widespread surge in both cryptocurrency values and related stocks indicates a strong day for the broader crypto market, reflecting investor confidence in digital assets.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.
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Written By: Investing.com
