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.
Silvergate Capital (SI) stock skyrockets 91.3% QTD. Here we try to understand the key reasons for this sudden bullish investor sentiments toward the stock.
The crypto-focused bank rode a wave of rising cryptocurrency prices last month, and then a beefy earnings report lit a fire under the stock.