Cryptocurrency-related stocks, including Coinbase Global Inc (NASDAQ: COIN), Marathon Digital Holdings Inc (NASDAQ: MARA) and Riot Blockchain Inc (NASDAQ: RIOT) are trading higher Wednesday amid a spike in crypto prices, led by Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH).
Bitcoin and Ethereum, the two largest cryptocurrencies by market cap, surged higher alongside the broader markets after the Federal Reserve raised rates by 50 basis points on Wednesday, its first …
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