Riot Blockchain and Other Crypto Assets Rise as Digital Currencies Move Higher

The digital-currency rollercoaster ride continues, with cryptocurrency stocks, such as Riot Blockchain (RIOT) – Get Report, and cryptocurrencies themselves soaring Monday.

The reason cited for the moves was supportive Bitcoin comments from Tesla (TSLA) – Get Report Chief Executive Elon Musk and ARK Investment Management Chief Executive Cathie Wood.

But the way crypto assets oscillate it may as well be changing wind direction that caused the surge.

Riot Blockchain recently traded at $33.15, up 18%; Coinbase (COIN) was at $243.77, up 8%; and Microstrategy (MSTR) – Get Report rose to $637.02, up 18%.

Among cryptocurrencies, Bitcoin traded at $38,300, up 12%, while Ethereum rose 10% to $2,331. Bitcoin hit a record high of $65,000 in April but plunged to $30,000 last week.

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Riot Blockchain and Other Crypto Assets Rise as Digital Currencies Move Higher

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Here’s Why XRP Can Still Skyrocket to $15

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