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Metaplanet Inc. surges on heavy volume as bitcoin recovers to $80,000 level
Metaplanet Inc. <3350> surged sharply on heavy trading volume, forming a large bullish candlestick from near its bottom range. As global stock markets have strengthened, led by technology stocks, this risk-on sentiment has spilled over into the cryptocurrency market. Bitcoin, the leading cryptocurrency, had been trading around the $60,000 level for some time following a sharp drop at the beginning of the year, but it turned upward in April and is currently trading in the $80,000 range. Metaplanet is known as a "treasury company" that invests in cryptocurrencies, and the recovery in bitcoin prices appears to be attracting buyers on the view that it will lead to improved asset management performance.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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