Bitcoin price surge drives BTC-related stocks to new multiweek highs

Mondays Bitcoin (BTC) rate rise has actually catapulted Bitcoin-related stocks to brand-new heights, with the likes of Coinbase and MicroStrategy publishing brand-new multiweek highs.Bitcoin mining stocks saw considerable gains in the middle of BTC rate momentum, with United States-listed Riot Blockchain taping an 11.69% rise and Marathon Digital Holdings seeing a 14.6% increase. The upcoming halving event, which will cut the Bitcoin mining benefit from 6.25 BTC to 3.125 BTC per block, likewise most likely contributed to the price increase.Marathon Digital stock price chart. Coinbases stocks were up by 3.42% at publishing time while the largest Bitcoin-holding public firm MicroStrategy tape-recorded a 9% surge on the day-to-day charts.Related: How high can Bitcoin rate go by 2024?