Cryptocurrency exchange Coinbase made a rousing debut on Wall Street , with shares of the digital currency exchange rising as high as $429, briefly giving it a market value over $100 billion.
Most Asia-Pacific share indexes followed Wall Street higher, with Hong Kong's Hang Seng leading gains in the region, while benchmark US Treasury yields continued their decline.
Bitcoin hit a record of $62,575 on Tuesday, extending its 2021 rally to new heights.
The global cryptocurrency market has grown exponentially in 2021 and is now worth a staggering $2 trillion as it increasingly attracts interest from big names on Wall Street.
Battle between economic optimism and fears about inflation and possible rate hikes that recovery will fuel has continued to play out on trading floors.
Tesla Inc’s stock extended its losses and is now down by a third from its January record high, making it the third time in about a year that the electric car maker’s shares have corrected that dramatically.
Many mega-corporations have rushed to invest, while others are announcing plans to support bitcoin.
After long being shunned by traditional financial firms, bitcoin and other virtual currencies appear to be increasingly entering the mainstream as an asset and routine payment vehicle.
One post on WallStreetBets told users that shares of pot producers Tilray Inc and Aphria Inc have more room to rise.
The move allows buying parts of shares, often to encourage participation from smaller investors by reducing the size of the amount they have to bet.
Transformative initiatives like the GameStop rally aim to claw back some of the power and wealth from the very top.
Silver prices surge to an eight-year high as small-time investors combine forces to take down Wall Street hedge funds using the stock of a troubled video-game store, GameStop.
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