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Crypto Stocks Gain as Bitcoin Price Sets New Record
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Yesterday's Bitcoin (BTCUSD) price increase had a similar effect on the prices of investment products associated with cryptocurrencies. Most of them were hit with a pleasant initial jolt in prices as news of the cryptocurrency's new price record price made its way to the markets. By the end of the day, some had shed their gains, but an overhang of celebration for Bitcoin's price jump remains in their price.
To be sure, Bitcoin price has been on an upswing for most of this year. After being the doldrums for most of 2019, the cryptocurrency has racked up gains of over 197% this year. The figure makes it the best-performing asset this year, even ahead of the S&P 500 Index.
But prices for companies and investment products associated with
Read more on investopedia.comAbout this in other media
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