Bitcoin Sets Its Sights on $40,000, Boosting These 7 Stocks Today

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The world’s most valuable cryptocurrency by market capitalization is bitcoin, and its price just kept climbing on Thursday. As of 1 p.m. EST, the price of a bitcoin token was $39,700 and still rising.

As has often been the case for much of the past couple of months, when bitcoin rises, a handful of stocks also perform well. Here are seven such stocks making big moves today:

Bitcoin’s rise is leading to surging prices in other cryptocurrencies as well (collectively known as alt-coins), and the website CoinGecko has indexed over 6,000 of them. On Wednesday evening, the combined capitalization of the entire cryptocurrency market surpassed $1 trillion for the first time, according to CoinDesk.

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