---
title: "US Stock Market Update: Bitcoin briefly surpassed $60,000, while MicroStrategy surged over 6%."
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/108850212.md"
description: "On Wednesday, Bitcoin-related stocks continued to rise. As of the time of writing, Coinbase surged over 4%, MicroStrategy over 6%, Marathon Digital over 5%, and Riot Platforms over 0.8%. Previously, Bitcoin briefly surpassed $60,000. The price of this digital asset has risen by over 15% this week and by 40% year-to-date. The main reasons could be the excitement sparked by a series of Bitcoin spot ETFs trading since January and the upcoming \"halving,\" where the new supply of Bitcoin will be halved, which is typically seen as a catalyst for a significant increase in Bitcoin prices."
datetime: "2024-02-28T14:48:05.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/108850212.md)
  - [en](https://longbridge.com/en/news/108850212.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/108850212.md)
---

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# US Stock Market Update: Bitcoin briefly surpassed $60,000, while MicroStrategy surged over 6%.

Zhitong App learned that on Wednesday, stocks related to Bitcoin continued to rise. At the time of publication, Coinbase (COIN.US) surged over 4%, MicroStrategy (MSTR.US) rose over 6%, Marathon Digital (MARA.US) increased by over 5%, and Riot Platforms (RIOT.US) went up by over 0.8%. Previously, Bitcoin once reached $60,000, and the price of this digital asset has risen by over 15% this week and 40% year-to-date. The main reasons could be the excitement triggered by a series of Bitcoin spot ETFs trading starting in January, and the upcoming "halving," where the new supply of Bitcoin will be halved, which is usually seen as a catalyst for a significant increase in Bitcoin prices.

### Related Stocks

- [Coinbase Global, Inc. (COIN.US)](https://longbridge.com/en/quote/COIN.US.md)
- [Strategy Inc (MSTR.US)](https://longbridge.com/en/quote/MSTR.US.md)

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