Why Cryptocurrency Stocks Popped Today

Cryptocurrency stocks had a great start to the day on Thursday as Bitcoin (CRYPTO: BTC) and other digital currencies jumped sharply early in the day. With the rise in crypto prices, it's no surprise that crypto stocks increased as well. 

BIT Mining (NYSE: BTCM) led the way today and was up 33.9% at its high, while SOS Ltd (NYSE: SOS) rose up to 17.1%, and Bit Digital (NASDAQ: BTBT) was up 12.5%. The stocks fell sharply off their highs but were still up 23.3%, 16.6%, and 4.2%, respectively, at the close. 

Image source: Getty Images.

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Source Fool.com