According to a new study by JPMorgan Chase, the total market capitalization of listed cryptocurrency companies, including Coinbase and Riot, rose by 14% to $108 billion in January, far outpacing the 8% increase in the overall cryptocurrency market. Among them, Coinbase's market value rose by 17%, and Riot's rose by 20%.
JPMorgan analyst Charles Pearce pointed out that the rise in mining companies' share prices is mainly due to the concept of artificial intelligence. In the case of Riot, the company is evaluating the transfer of some of the computing power of the Texas mine to AI and high-performance computing.
JP Morgan Chase: Cryptocurrency company market capitalization rose 14% in January, far outpacing the broader market
2025-02-12 05:19:30
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