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Bitcoin Spot EFT Shines Spotlight On Crypto-Related Stocks — Riot Blockchain, Coinbase, MicroStrategy Trending Today

Published 11/01/2024, 01:53
Updated 11/01/2024, 03:10
© Reuters Bitcoin Spot EFT Shines Spotlight On Crypto-Related Stocks — Riot Blockchain, Coinbase, MicroStrategy Trending Today
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Benzinga - Today’s stock market saw a positive trend with the Nasdaq Composite ending Wednesday higher by 112 points. The Dow Jones Industrial Average rose by 0.45% to 37,695.73, while the NASDAQ rose 0.75% to 14,969.65. The S&P 500 followed suit, gaining 0.57% to 4,783.45. This overall market performance indicates a steady yet cautious optimism among investors.

Transitioning into individual stock performances, these are the top stocks that gained the attention of retail traders and investors throughout the day:

Riot Blockchain, Inc. (NASDAQ:RIOT)

Riot Blockchain’s stock experienced a decline of 1.21%, closing at $15.55. The stock fluctuated between a high of $16.31 and a low of $14.77, with a 52-week range of $20.65 to $4.7. The recent movements in the cryptocurrency market, particularly Bitcoin (CRYPTO: BTC) ETF approvals, have impacted stocks like Riot Blockchain.

Coinbase Global, Inc. (NASDAQ:COIN)

Coinbase Global saw a slight decrease of 0.46%, closing at $151.29. The stock’s intraday high was $153.47, and its low was $143.15, with a 52-week range of $187.39 to $37.74. The company’s performance is closely tied to the cryptocurrency sector, which saw significant regulatory developments on Wednesday with the approval of the Bitcoin Spot EFTs.

NVIDIA Corporation (NASDAQ:NVDA)

NVIDIA’s stock rose by 2.28%, closing at $543.5. The stock hit a high of $546 and a low of $534.89, with a 52-week range of $546 to $154.72. Even so, NVIDIA’s AI market in China faces challenges, with the potential to impact its stock performance.

MicroStrategy Incorporated (NASDAQ:MSTR)

MicroStrategy’s stock declined by 2.01%, closing at $565.67. The stock’s intraday high was $587, and its low was $553.84, with a 52-week range of $727.77 to $170. The company’s Bitcoin investments have been a key factor in its stock movements.

Tesla, Inc. (NASDAQ:TSLA)

Tesla’s stock saw a minor decrease of 0.43%, closing at $233.94. The stock ranged between $235.5 and $231.29, with a 52-week range of $299.29 to $114.92. Tesla’s performance is influenced by its global EV market competition, particularly in Asia.

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