|Bid||11.00 x 800|
|Ask||11.06 x 800|
|Day's range||10.90 - 12.10|
|52-week range||2.04 - 89.20|
|Beta (5Y monthly)||1.34|
|PE ratio (TTM)||N/A|
|Earnings date||29 Mar 2021|
|Forward dividend & yield||N/A (N/A)|
|Ex-dividend date||29 Jan 2009|
|1y target est||N/A|
Several crypto stocks rose today after cryptocurrencies rebounded this weekend, with Bitcoin (CRYPTO: BTC) in particular rising 15% and now trading around $34,540 per token. Shares of the popular crypto exchange Coinbase Global (NASDAQ: COIN) rose close to 10% today, while shares of the business intelligence company MicroStrategy (NASDAQ: MSTR) jumped 13.5%. Shares of the investment vehicle Grayscale Digital Large Cap Fund (OTC: GDLC) climbed nearly 10% on Monday, while shares of the Chinese tech company The9 Limited (NASDAQ: NCTY) rose 12.6%.
China doesn't want its citizens mining cryptocurrencies like Bitcoin (CRYPTO: BTC) anymore, and it ramped up its crackdown efforts over the weekend. Almost every investment that is heavily connected with blockchains and cryptocurrencies also lost ground, including companies like Ebang International Holdings (NASDAQ: EBON), The9 Limited (NASDAQ: NCTY), and Future FinTech Group (NASDAQ: FTFT). The Global Times isn't a completely neutral news source, being supported by China's government.
Shares of cryptocurrency mining company The9 Limited (NASDAQ: NCTY) were skyrocketing on Wednesday. According to CoinDesk, the price of Bitcoin is up roughly 10% over the past 24 hours. In simple terms, the longer the days to cover, the greater the chances of a short squeeze.