---
title: "BUZZ-Crypto stocks jump as bitcoin hits over 2-yr high"
description: "Bitcoin hits highest level in over 2 years, leading to a jump in crypto stocks. Cryptocurrency exchange Coinbase and blockchain farm operator Bitfarms see significant gains. Crypto miners and BTC buye"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/107866425.md"
published_at: "2024-02-12T16:04:14.000Z"
---

# BUZZ-Crypto stocks jump as bitcoin hits over 2-yr high

> Bitcoin hits highest level in over 2 years, leading to a jump in crypto stocks. Cryptocurrency exchange Coinbase and blockchain farm operator Bitfarms see significant gains. Crypto miners and BTC buyer MicroStrategy also experience surges. BTC mining machine makers Ebang International and Canaan Inc show notable increases. ProShares Bitcoin Strategy ETF and other BTC-related ETFs also rise. BTC is up approximately 17% YTD.

\*\* Cryptocurrency and blockchain-related cos jump on Mon as bitcoin hits highest levels in more than 2 years

\*\* Bitcoin (BTC=) , world’s biggest cryptocurrency, up 4.7% at $49,776, highest since Dec 2021, while Ether (ETH=) up 2.3% $2,560.90

\*\* Crypto exchange Coinbase Global (COIN.O) up >5%, and blockchain farm operator Bitfarms (BITF.O) up ~14% on the session

\*\* Crypto miners climb: Riot Platforms (RIOT.O) 11%, Marathon Digital (MARA.O) 14%, Hut 8 Mining (HUT.O) 12%, Bit Digital (BTBT.O) 10%

\*\* Shares of software firm, notable BTC buyer MicroStrategy (MSTR.O) surges 10%

\*\* BTC mining machine makers Ebang International (EBON.O) and Canaan Inc (CAN.O) up 12% and 24%, respectively

\*\* ProShares Bitcoin Strategy ETF (BITO.P) up 5%, while ETFs tied to spot price of BTC such as iShares bitcoin ETF (IBIT.O) , Ark 21Shares (ARKB.N) and Grayscale Bitcoin ETF (GBTC.K) all up >5%

\*\* With move on Mon, BTC up ~17% YTD

(Lance Tupper is a Reuters market analyst. The views expressed are his own)

### Related Stocks

- [GBTC.US - Grayscale Bitcoin Trust BTC - ETF](https://longbridge.com/en/quote/GBTC.US.md)
- [COIN.US - Coinbase](https://longbridge.com/en/quote/COIN.US.md)
- [BITF.US - Bitfarms Canada](https://longbridge.com/en/quote/BITF.US.md)
- [EBON.US - Ebang](https://longbridge.com/en/quote/EBON.US.md)
- [300412.CN - Canaan](https://longbridge.com/en/quote/300412.CN.md)
- [CAN.US - Canaan](https://longbridge.com/en/quote/CAN.US.md)
- [MSTR.US - Strategy](https://longbridge.com/en/quote/MSTR.US.md)

## Related News & Research

| Title | Description | URL |
|-------|-------------|-----|
| Steak 'n Shake credits Bitcoin strategy as driver of sales growth | Steak 'n Shake's Bitcoin experiment has evolved into a sales driver and a balance sheet strategy. | [Link](https://longbridge.com/en/news/276114408.md) |
| Coinbase CEO Says Crypto Exchange Is ‘Misunderstood’ | Coinbase CEO Brian Armstrong claims the cryptocurrency exchange is "misunderstood" by investors, citing Wall Street's un | [Link](https://longbridge.com/en/news/276453663.md) |
| The End of DAT: Liquidation or Self-Rescue? | The article discusses the challenges faced by Digital Asset Trusts (DATs) as the cryptocurrency market experiences a sig | [Link](https://longbridge.com/en/news/276197456.md) |
| Trump-Backed American Bitcoin Secures Spot In Elite Corporate Crypto Circle | American Bitcoin Corp, backed by Eric Trump, has amassed 6,039 BTC, ranking it among the top 20 corporate Bitcoin treasu | [Link](https://longbridge.com/en/news/276360652.md) |
| Top 12 Telegram games to play in February 2026 | Telegram has evolved into a significant platform for gaming, boasting 1 billion active users. The top 12 games for Febru | [Link](https://longbridge.com/en/news/276333861.md) |

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> **Disclaimer**: This article is for reference only and does not constitute any investment advice.
