By 
Major crypto-related stocks and funds rallied Tuesday as bitcoin climbed 3%, and the Dow Jones Industrial Average
DJIA,
+2.23%
jumped more than 700 points.
The largest cryptocurrency
BTCUSD,
+2.71%
is trading at around $20,089, according to CoinDesk data. The Dow
DJIA,
+2.23%
rose 2.4% to 30,204, and the S&P 500
SPX,
+2.77%
gained 2.7% to 3,778, according to FactSet data. The Nasdaq Composite went up 3% to 11,153.
Stock indexes extended the Monday gains amid hopes that global central banks may slow down their interest rate hiking plans.
Following such leads, Coinbase Global Inc.
COIN,
+10.14%
shares on Tuesday surged almost 10% to around $72.32, and Michael Saylor’s MicroStrategy Inc.
MSTR,
+6.30%
shares advanced 8.9% to $244.04.
Shares of mining company Riot Blockchain Inc.
RIOT,
+5.01%
shares added 7.4% to $7.69, and that of Marathon Digital Holdings Inc.
MARA,
+13.13%
rallied 15% to $12.65. Another miner, Ebang International Holdings Inc.
EBON,
+2.67%
gained 5% to $0.44.
Overstock.com Inc.
OSTK,
+6.12%
shares rose 5.5% to $26.85. Shares of Block Inc
SQ,
+12.07%,
formerly known as Square, increased 8.8% to $60.68.
Tesla Inc.
TSLA,
+5.42%
advanced 4.7% to $253.40, and PayPal Holdings Inc.
PYPL,
+5.49%
jumped 4.2% to $91.37. Nvidia Corp.
NVDA,
+4.89%
shares rose 4.3% to $130.47.
Advanced Micro Devices Inc.
AMD,
+3.59%
shares hiked 4% to $68.71.
Among crypto funds, ProShares Bitcoin Strategy ETF
BITO,
+3.07%
went up 3.2% to $12.45 Thursday, while its Short Bitcoin Strategy ETF
BITI,
-3.39%
lost 3.2% to $36.87.
Valkyrie Bitcoin Strategy ETF
BTF,
+3.32%
traded 3.1% higher at around $7.75, and VanEck Bitcoin Strategy ETF
XBTF,
+3.49%
climbed 3.7% to $19.79.
Grayscale Bitcoin Trust
GBTC,
+3.60%
posted a 4.5% gain to $12.19.
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