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Why Shares of Coinbase, Silvergate Capital, and Riot Blockchain Are Rising Today

·3-min read
Why Shares of Coinbase, Silvergate Capital, and Riot Blockchain Are Rising Today

Shares of several crypto stocks are rising today after a good weekend for Bitcoin (CRYPTO: BTC), which seems to be moving higher due to investors' belief that inflation has peaked. As of this writing, the price of Bitcoin has risen 4.4% over the last 24 hours. Shares of the large crypto exchange Coinbase (NASDAQ: COIN) were trading roughly 6.5% higher at 11:15 a.m. ET today.