Coinbase, Block, and Other Crypto Stocks Jump as Bitcoin Rallies Past $30,000

Shares jumped in companies exposed to cryptocurrency prices and dynamics in crypto markets on Tuesday after

Bitcoin

rallied past the key $30,000 level, marking its highest point since the bear market in digital assets accelerated last summer.

Coinbase Global

(ticker: COIN) stock climbed 3% in U.S. premarket trading on Tuesday, with shares in

Block

(SQ) advancing 1.2%.

MicroStrategy

(MSTR) stock rose 3.3% and shares in

Riot Platforms

(RIOT) and

Marathon Digital

(MARA) both rallied 4%. Most of these five stocks also gained in Monday trading, when Bitcoin began trending sharply higher. Futures tracking the

S&P 500

by comparison, were up 0.3% early Tuesday.

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