#CryptoStocks

**Crypto Stocks Surge as Bitcoin Breaks $70K: Institutional Demand Heats Up**

*New York, June 2024* – Publicly traded crypto companies are riding a fresh wave of investor enthusiasm as Bitcoin’s rally triggers a sector-wide boom. The **Bitwise Crypto Innovators 30 Index** has gained 58% YTD, outpacing both the S&P 500 and Nasdaq.

**Top Movers:**

- **Coinbase (COIN)**: +22% this week after SEC closes Ethereum probe

- **MicroStrategy (MSTR)**: Hits all-time high with $14B BTC holdings

- **Marathon Digital (MARA)**: Soars 30% on record mining revenue

"Wall Street is finally pricing crypto equities as growth stocks, not gambles," says Bernstein analyst Gautam Chhugani. The rally comes amid surging ETF inflows and anticipation of Fed rate cuts.

**Dark Horse:**

Crypto-adjacent tech firms like **Nvidia (NVDA)** and **Block (SQ)** are seeing renewed interest as AI meets blockchain infrastructure.

*—CNBC Crypto World, June 2024*