IBIT and the spot bitcoin ETFs rose premarket Tuesday, adding to their 13% jump Monday. Shares of the group are all trading at or near record highs, with many extended from buy zones for their individual consolidations. IBIT and the other ETFs have rallied about 30.5% so far this year. Coinbase stock fell 10.8% Wednesday and pared gains Tuesday, after leaping about 20% Monday. Shares of the crypto exchange last week erupted for a 48% weekly gain to 270.74, just below a multiyear high.
Coinbase broke out above a 283.48 buy point for a 32-week consolidation on the move. COIN stock vaulted about 64% this year. Robinhood, a crypto-friendly trading app, last week soared 27.4% to 30.54, the highest in nearly three years. HOOD stock surged another 7.4% Monday, but fell Wednesday. Bitcoin miners rallied on Monday to extend their gains from last week. The stocks were mixed Tuesday and Wednesday amid earnings reports.
Bit Digital (BTBT) soared 26.3% Monday, clearing a 4.37 buy point, following a 20.5% rally last week. MARA Holdings (MARA) popped 30% Monday, to rebound above its 200-day line. Shares pared gains Wednesday on earnings. MARA stock advanced 19.5% last week. Hut 8 (HUT) swung 32% higher to start the week after a 22.3% gain for election week.- XRP Ledger Resumes Activity After Second Outage in Three Months
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