[ad_1]
SAN ANSELMO, CALIFORNIA – JUNE 06: In this photo illustration, the Coinbase logo is displayed on a screen on June 06, 2023 in San Anselmo, California. The Securities And Exchange Commission has filed a lawsuit against cryptocurrency exchange Coinbase for allegedly violating securities laws by acting as an exchange, a broker and a clearing agency without registering with the Securities and Exchange Commission. (Photo Illustration by Justin Sullivan/Getty Images)
Justin Sullivan | Getty Images
Bitcoin is up about 6% in the past 24 hours, trading at around $63,500 as of early Monday afternoon.
Shares of Coinbase, the largest centralized digital asset exchange in the U.S., jumped 12% to $243.27, on pace for their best day since February. Bitcoin accounted for 33% of trading volume on the platform in the first quarter, by far the biggest amount for any cryptocurrency. Ethereum accounted for 13% of volume.
Bitcoin miner Riot Platforms surged 16%, while rival Marathon Digital soared 17%. Miners tend to gain when bitcoin rises in price because it increases the value of their operations.
MicroStrategy, the largest corporate holder of bitcoin, climbed 17% on Monday. The stock is up more than 150% this year. On Thursday, the company announced a 10-for-1 stock split, in order “to make MicroStrategy’s stock more accessible to investors and employees.”
WATCH: BlackRock CEO on bitcoin
[ad_2]
This article was originally published by a www.cnbc.com . Read the Original article here. .
Disclaimer:The information provided on this website does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website’s content as such. BitcoinNews.best does not recommend that any cryptocurrency should be bought, sold, or held by you. Do conduct your own due diligence and consult your financial advisor before making any investment decisions.