Bitcoin May Be Down, but These Cryptocurrency Miner Stocks Are Soaring Today
The bitcoin rally has faded for now. According to CoinDesk, bitcoin hit an all-time high of $24,273 on Sunday, but it's pulled back about 6% as of this writing. But even though bitcoin is down today, stocks for bitcoin miners are up. Consider how these stocks ended the day:
The movement of these stocks could have a very simple explanation: Stocks don't trade on the weekends. By contrast, cryptocurrencies like bitcoin can be bought and sold 24 hours a day, seven days a week.
Image source: Getty Images.
Source Fool.com
