Cryptocurrency shares had been on the rise on Wednesday on the again of the continued rise in Bitcoin costs, with Bitcoin costs rising one other 4%.

Bitcoin is at present buying and selling round $51,770, its highest value since December 2021. The rise introduced the market capitalization to $1 trillion. Ethereum, the second largest cryptocurrency, is up almost 4% on the time of writing, buying and selling at round $2,746.

Change Coinbase (NASDAQ:) inventory rose greater than 10% on Wednesday to commerce at $155.61 on the power of cryptocurrencies. The inventory initially soared to over $160 per share.

In the meantime, Bitcoin mining firms Riot Platforms (NASDAQ:) and Marathon Digital Holdings (NASDAQ:) rose 9% and 12%, respectively.