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Why Shares of Coinbase, Silvergate Capital, and Hut 8 Mining Corp Are Rising Today

Bram Berkowitz, The Motley Fool
·3-min read
Why Shares of Coinbase, Silvergate Capital, and Hut 8 Mining Corp Are Rising Today

Shares of several crypto stocks moved higher Tuesday, largely because traders started to get hopeful that the Fed might pivot toward a less aggressive fiscal policy, which would likely help cryptocurrencies and tech stocks. Shares of crypto exchange Coinbase (NASDAQ: COIN) were trading nearly 10% higher as of noon ET. Meanwhile, shares of crypto-focused bank Silvergate Capital (NYSE: SI) were up nearly 6%, and shares of Hut 8 Mining Corp (NASDAQ: HUT) were up 8.4%.

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