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BiyaPay Analyst: Bitcoin and Ethereum Approach Yearly Highs, Boosting US Stock Market "BitStock" Concept Stocks in Overnight Trading
BlockBeats News, August 11th. According to BiyaPay analysts, during the after-hours trading of the US stock market on August 11th, the "Coin Stock" concept stocks continued to surge, with multiple cryptocurrency-related concept stocks showing strong performance. Ethereum-related stocks: SharpLink Gaming rose over 15%, BitMine rose over 20%, BTCS rose over 10%, GameSquare rose over 12%; BNB-related stocks: Nano Labs rose over 20%, BNC rose over 4%; XRP-related stocks: VivoPower rose over 16%; DOGE-related stocks: Bit Origin rose nearly 15%.
BiyaPay analysts pointed out that this series of gains was due to the continued bullish factors in the cryptocurrency market, especially the performance of Bitcoin and Ethereum approaching yearly highs, attracting a large number of investors' attention and further driving up the prices of cryptocurrency-related stocks.
In such a market environment, the BiyaPay platform provides users with more investment options, supporting USDT trading of US and Hong Kong stocks. Users can participate in global stock trading in real time without applying for an offshore account, easily crossing the boundaries between the cryptocurrency and stock markets. This enables investors to more flexibly switch between digital assets and the traditional stock market, seizing more investment opportunities.
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