Crypto company stocks spike higher as bitcoin jumps back above 22,000

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Shares of companies in the cryptocurrency business powered higher Monday, after bitcoin BTCUSD, +4.64% rallied toward a fourth-straight gain, and the first close above the 22,000 in a month. Among those that are all about crypto, shares of Marathon Digital Holdings Inc. MARA, +23.76% shot up 23.3%, Riot Blockchain Inc. RIOT, +13.67% ran up 18.3% and Coinbase Global Inc. COIN, +11.87% climbed 13.8%. Among other companies with significant crypto exposure, MicroStrategy Inc.’s stock MSTR, +6.74% jumped 11.2% and Signature Bank SBNY, +2.63% surged 3.9%. Meanwhile, bitcoin charged up 6.6% to $22,183, and has soared 14.6% in four sessions since closing at a 19-month low on July 12, toward the highest close since July 15. The cryptocurrency has still plunged 45.6% over the past three months while the S&P 500 SPX, -0.23% has declined 12.9%.

This article was originally published by Marketwatch.com. Read the original article here.

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