After a disastrous 2022 in which 80-90 declines were the norm, many cryptocurrency-related stocks are in the green early in 2023 after big advances on Wednesday.
The largest gainer among the major names was bitcoin miner Marathon Digital (MARA), which rose 24 today. Among other miners, the rebranded Riot Platforms (RIOT) – which began the year by exorcising the term "blockchain" from its name – was higher by 15.
Crypto exchange Coinbase (COIN) gained 12.2, helped by the general rally and by removing a regulatory overhang with an agreement to pay a $50 million fine to the New York Department of Financial Services.
Checking cryptocurrencies themselves, bitcoin (BTC) made a brief run at $17,000 before falling back to the current $16,800, up only a hair for the day. Ether (ETH) gained 3, Binance Coin (BNB) added 4.6, Dogecoin (DOGE) 2.6, and Cardano (ADA) 5.2.
