{"id":48095,"date":"2023-12-05T01:49:06","date_gmt":"2023-12-05T01:49:06","guid":{"rendered":"https:\/\/btx.com.au\/fire-in-the-cauldron-as-coinbase-marathon-surge-over-300-in-2023\/"},"modified":"2023-12-05T01:49:06","modified_gmt":"2023-12-05T01:49:06","slug":"fire-in-the-cauldron-as-coinbase-marathon-surge-over-300-in-2023","status":"publish","type":"post","link":"https:\/\/btx.com.au\/fire-in-the-cauldron-as-coinbase-marathon-surge-over-300-in-2023\/","title":{"rendered":"'Fire in the cauldron\u2019 as Coinbase, Marathon surge over 300% in 2023"},"content":{"rendered":"

\n \n <\/p>\n

The anticipated Bitcoin halving and potential ETF approvals have lit \u201csome serious fire in the cauldron” for crypto, said Zerocap investment chief Jon de Wet.<\/p>\n

Publicly traded crypto firms have notched triple-digit percentage returns this year and closed up in green on Dec. 4, as Bitcoin (BTC<\/a>)\u00a0reached a new year-high of over $42,000.\u00a0<\/p>\n

Crypto exchange Coinbase (COIN) closed the day at just over $141 with a 5.5% gain, up 320% from its price at the start of the year, per Google Finance data<\/a>.<\/p>\n

Bitcoin miners Marathon Digital (MARA) and Riot Platforms (RIOT) closed the day with over 8% gains, recording\u00a0337%<\/a> and 345%<\/a> year-to-date (YTD) gains, respectively.<\/p>\n

A visual map of the one-day price of S&P 500 stocks shows mixed results on Dec. 4 Source: Finviz<\/em><\/figcaption><\/figure>\n

Crypto investment firm Galaxy Digital Holdings (GLXY) posted<\/a> a daily gain of nearly 12% and is up 155% YTD and MicroStrategy (MSTR) \u2014 with the largest Bitcoin holdings of any public company valued<\/a> at over $6.6 billion \u2014 saw a daily gain of over 6.5% and a YTD rise of 288%.<\/p>\n

It comes despite the wider North American stock market seeing a mixed bag of gainers and losers on Dec. <\/p>\n

Large-cap tech stocks, such as Microsoft, fell 1.43% on Dec. <\/p>\n

The crypto-related stocks are well below their all-time highs, however.<\/p>\n

IG Australia market analyst Tony Sycamore told Cointelegraph the crypto-related stock rally is \u201ccoming off the back of Bitcoin\u2019s spectacular gains in recent months,\u201d which is up nearly 152% YTD and is closing in on $42,000 \u2014 it has already hit a 19-month high<\/a>.<\/p>\n

Sycamore said investors see crypto stocks as a way to gain crypto exposure until the United States approves<\/a> spot Bitcoin exchange-traded funds (ETFs).<\/p>\n

Read more<\/a><\/p><\/p>\n","protected":false},"excerpt":{"rendered":"

The anticipated Bitcoin halving and potential ETF approvals have lit \u201csome serious fire in the cauldron” for crypto, said Zerocap investment chief Jon de Wet. Publicly traded crypto firms have notched triple-digit percentage returns this year and closed up in green on Dec. 4, as Bitcoin (BTC)\u00a0reached a new year-high of over $42,000.\u00a0 Crypto exchange …<\/p>\n

'Fire in the cauldron\u2019 as Coinbase, Marathon surge over 300% in 2023<\/span> Read More »<\/a><\/p>\n","protected":false},"author":0,"featured_media":48096,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[679,476,794,1717,2857,309],"tags":[],"class_list":["post-48095","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-galaxy-digital","category-microstrategy","category-sp-500","category-shares","category-stock-market","category-stocks"],"yoast_head":"\n'Fire in the cauldron\u2019 as Coinbase, Marathon surge over 300% in 2023 - BTX<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/btx.com.au\/fire-in-the-cauldron-as-coinbase-marathon-surge-over-300-in-2023\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"'Fire in the cauldron\u2019 as Coinbase, Marathon surge over 300% in 2023 - BTX\" \/>\n<meta property=\"og:description\" content=\"The anticipated Bitcoin halving and potential ETF approvals have lit \u201csome serious fire in the cauldron” for crypto, said Zerocap investment chief Jon de Wet. Publicly traded crypto firms have notched triple-digit percentage returns this year and closed up in green on Dec. 4, as Bitcoin (BTC)\u00a0reached a new year-high of over $42,000.\u00a0 Crypto exchange … 'Fire in the cauldron\u2019 as Coinbase, Marathon surge over 300% in 2023 Read More »\" \/>\n<meta property=\"og:url\" content=\"https:\/\/btx.com.au\/fire-in-the-cauldron-as-coinbase-marathon-surge-over-300-in-2023\/\" \/>\n<meta property=\"og:site_name\" content=\"BTX\" \/>\n<meta property=\"article:published_time\" content=\"2023-12-05T01:49:06+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/btx.com.au\/wp-content\/uploads\/2023\/12\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjMtMTIvODY3N2JmOTItOWQxZC00NmQwLTg4ZDgtMWQxZDBkZTRhYzU4LmpwZw.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"840\" \/>\n\t<meta property=\"og:image:height\" content=\"560\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebSite\",\"@id\":\"https:\/\/btx.com.au\/#website\",\"url\":\"https:\/\/btx.com.au\/\",\"name\":\"BTX\",\"description\":\"Crypto Appointments\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/btx.com.au\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/btx.com.au\/fire-in-the-cauldron-as-coinbase-marathon-surge-over-300-in-2023\/#primaryimage\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/btx.com.au\/wp-content\/uploads\/2023\/12\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjMtMTIvODY3N2JmOTItOWQxZC00NmQwLTg4ZDgtMWQxZDBkZTRhYzU4LmpwZw.jpg\",\"contentUrl\":\"https:\/\/btx.com.au\/wp-content\/uploads\/2023\/12\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjMtMTIvODY3N2JmOTItOWQxZC00NmQwLTg4ZDgtMWQxZDBkZTRhYzU4LmpwZw.jpg\",\"width\":840,\"height\":560},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/btx.com.au\/fire-in-the-cauldron-as-coinbase-marathon-surge-over-300-in-2023\/#webpage\",\"url\":\"https:\/\/btx.com.au\/fire-in-the-cauldron-as-coinbase-marathon-surge-over-300-in-2023\/\",\"name\":\"'Fire in the cauldron\\u2019 as Coinbase, Marathon surge over 300% in 2023 - BTX\",\"isPartOf\":{\"@id\":\"https:\/\/btx.com.au\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/btx.com.au\/fire-in-the-cauldron-as-coinbase-marathon-surge-over-300-in-2023\/#primaryimage\"},\"datePublished\":\"2023-12-05T01:49:06+00:00\",\"dateModified\":\"2023-12-05T01:49:06+00:00\",\"author\":{\"@id\":\"\"},\"breadcrumb\":{\"@id\":\"https:\/\/btx.com.au\/fire-in-the-cauldron-as-coinbase-marathon-surge-over-300-in-2023\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/btx.com.au\/fire-in-the-cauldron-as-coinbase-marathon-surge-over-300-in-2023\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/btx.com.au\/fire-in-the-cauldron-as-coinbase-marathon-surge-over-300-in-2023\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/btx.com.au\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"'Fire in the cauldron\\u2019 as Coinbase, Marathon surge over 300% in 2023\"}]}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"'Fire in the cauldron\u2019 as Coinbase, Marathon surge over 300% in 2023 - BTX","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/btx.com.au\/fire-in-the-cauldron-as-coinbase-marathon-surge-over-300-in-2023\/","og_locale":"en_US","og_type":"article","og_title":"'Fire in the cauldron\u2019 as Coinbase, Marathon surge over 300% in 2023 - BTX","og_description":"The anticipated Bitcoin halving and potential ETF approvals have lit \u201csome serious fire in the cauldron” for crypto, said Zerocap investment chief Jon de Wet. 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