Summary
- The rebound in Bitcoin prices has reportedly spurred the rise in cryptocurrency mining stocks.
- The CRPT ETF has risen 19.18% over the past month, which is linked to the stock price increase of Bitcoin-related companies.
- Bloomberg News analyzed that Bitcoin has started to show movements similar to safe assets like gold.
As Bitcoin prices, which had been faltering due to the US-initiated tariff war, rebound, Bitcoin mining stocks are also soaring.
According to ETF Check on the 1st, the 'SkyBridge Crypto Industry and Digital Economy' (CRPT) Exchange Traded Fund (ETF) listed on the US stock market has risen 19.18% over the past month. Major components such as the Bitcoin investment company MicroStrategy (24.21%) and the cryptocurrency mining company Marathon Holdings (12.92%) have surged during this period.
The recent recovery of Bitcoin prices to the $90,000 level has led to a rise in cryptocurrency mining stocks. Bloomberg News analyzed, "Bitcoin has shown unstable movements along with risk assets, but recently it has started to show a trend similar to that of gold, a safe asset."
Reporter Maeng Jin-kyu maeng@hankyung.com
Korea Economic Daily
hankyung@bloomingbit.ioThe Korea Economic Daily Global is a digital media where latest news on Korean companies, industries, and financial markets.
