Speculators and cryptocurrency traders might not be the only ones that are benefiting from the current Bitcoin rally. Many stocks of Asian companies have rapidly risen today, as Bitcoin managed to hit a new all-time high.
Asian Company Stocks are Rallying
The whole financial and technology world is watching today, as the popular decentralized cryptocurrency Bitcoin managed, for the first time to reach the astonishing price of $ 11,517 and a total market cap valuation of over $ 176 billion. Ethereum, another cryptocurrency that has also rapidly risen in the last couple of days, reached a new all-time high price of $ 522 and a total valuation of over $ 45 billion on Wednesday. In contrast, the total cryptocurrency market has currently reached the valuation of over $ 309 billion.