Crypto Stocks Emerge Unscathed From April's Market Turmoil
Cryptocurrency-linked stocks have rallied in April, riding a surge in the price of Bitcoin to emerge largely unscathed by the turbulence that's roiled US equity markets.
Shares of Michael Saylor's Strategy, exchange operator Coinbase Global Inc. and mining firm CleanSpark Inc. have all climbed sharply, logging double-digit gains even as the S&P 500 Index slipped 2.5%. The rally has propelled them past the tech stocks they often mirror.
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