Microcap Stocks Surge on Cryptocurrency Initiatives
Microcap Stocks Surge on Cryptocurrency Initiatives
On Monday, three of the top four most actively traded U.S. stocks were all either riding a cryptocurrency-fueled surge, or pulling back from one.
Digital Power Corp (NYSE Mkt: DPW), Marathon Patent Group (NASDAQ: MARA), and Riot Blockchain (NASDAQ: RIOT) all saw tremendous volume because of their crypto-related business.
DPW’s market value jumped from $12 million on Friday to over $40 million on Monday. The move came on news that the company would issue a progress report on the cryptocurrency initiative of its Coolisys Technologies unit next week.
Bitcoin and other mainstream cryptocurrencies were touching all time highs on Monday.
Learn more HERE.