Bitcoin Price Boom Resurrects Once-Feverish Penny Stocks

By CCN: The feverish Bitcoin price rally appears to be spilling over into the stock market, where ice-cold blockchain stocks are once again showing signs of life – and investor FOMO. Bloomberg’s Bailey Lipschultz notes that at least one penny stock has capitalized on the recent Bitcoin bull market. MGT Capital Investments Inc. – yep, the one with the John McAfee connection –  announced it’s getting back into crypto mining. It has reportedly seen gains around 15% per share as a result of their recent press release, which reads, in part: “The recent increase in the price of Bitcoin, without

The post Bitcoin Price Boom Resurrects Once-Feverish Penny Stocks appeared first on CCN

Source: https://www.ccn.com/bitcoin-price-boom-resurrects-once-feverish-penny-stocks

Stay up to date

on all important crypto news!

The most important news, once a week. No spam.