4 Crypto Stocks Outpace Bitcoin on Election Day: What Drove the Jump?

Crypto stocks Coinbase, Strategy, Riot Platforms, and MARA Holdings jumped between 5% and 13% by late Tuesday morning. Bitcoin (BTC), the asset all four depend on, rose just 0.3% over 24 hours. The bounce recovered only part of a two-day slide that cut the four stocks by 8% to 14%. Their shareholders face daily swings far larger than Bitcoin’s. What Sent Crypto Stocks Higher on Election Day? Three developments landed together on Tuesday. The stocks were rebounding from a two-day sell-off, and tech stocks were recovering. The Nasdaq Composite climbed about 1% after losing 3.9% over the previous two sessions. The third was company news for Coinbase, the largest US crypto exchange. The Commodity Futures Trading Commission (CFTC) cleared equity perpetual futures on Tuesday.

BeCrypto News shows a short excerpt and links to the publisher. The full report belongs to BeInCrypto.