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Penny Stock Firms Cash in on Bitcoin's Rise
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investopedia.comBitcoin, which like other cryptocurrencies struggled to survive after last year's crash, is winning the crypto wars as its market share surges and penny stock operators flood in to trade the world’s largest digital currency by market capitalization. Bitcoin’s market share as a percentage of the entire crypto universe has risen to 60%, up from 53% at the start of this year, as its value has more than doubled, according to data provider CoinMarketCap.com, as cited by Bloomberg.
Meanwhile, penny stock operators have jumped on the opportunity to resume crypto mining operations. MGT Capital Investments Inc., whose stock goes for under $0.10 cents a piece, announced that it would resume Bitcoin mining operations. The company highlighted the
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