In a spectacular year for publicly traded crypto firms, Coinbase, Marathon Digital, and Riot Platforms have notched up triple-digit percentage returns as Bitcoin hit a new yearly high, surpassing $42,000 on December 4.
According to Google Finance data, crypto exchange Coinbase (COIN) closed the day at just over $141, marking a 5.5% gain and an impressive 320% increase from its price at the beginning of the year.
Bitcoin mining companies Marathon Digital (MARA) and Riot Platforms (RIOT) experienced substantial gains as well, closing the day with over 8% increases. Their year-to-date (YTD) gains are remarkable, with Marathon Digital recording a 337% surge, and Riot Platforms boasting an impressive 345% gain.
As the crypto market continues to ride the waves of Bitcoin’s surge, these substantial returns underscore the robust performance of key players in the industry, making 2023 a standout year for crypto investors and enthusiasts alike.
Decoding Market Moves: S&P 500 Stocks Display Diverse Performance on December 4 – Visual Map Unveils Insights. Source: Finviz.
