Crypto-adjacent stocks rally as bitcoin and ethereum bounce back
** Shares of cryptocurrency and blockchain-related firms surge early Tuesday, as bitcoin and ethereum experience a rebound
** Bitcoin, the world's largest cryptocurrency, suffered a >5% decline on Monday, extending its recent steep losses as investors shunned riskier assets
** Bitcoin BTCUSD (https://www.tradingview.com/symbols/BITSTAMP-BTCUSD/) is up 4.9% at $90,658.57 on Tuesday; Ether ETHUSD (https://www.tradingview.com/symbols/BITSTAMP-ETHUSD/) rises 6.2% to $2,964.34
** Crypto exchange Coinbase Global COIN (https://www.tradingview.com/symbols/NASDAQ-COIN/) shares climb 4% for the session, while blockchain farm operator Bitfarms BITF (https://www.tradingview.com/symbols/TSX-BITF/) is up 4%
** BTC hoarder Strategy MSTR (https://www.tradingview.com/symbols/NASDAQ-MSTR/), formerly known as MicroStrategy, rallies approximately 6% on Tuesday
** On Monday, MSTR shares tumbled as much as 12% before closing down about 3% after the company slashed its annual earnings targets due to the crypto slide and established a $1.4 billion reserve to support dividend payments
** Retail trading platform Robinhood HOOD (https://www.tradingview.com/symbols/NASDAQ-HOOD/), which typically mirrors crypto market moves, is up about 3%
** Crypto miners surge: Riot Platforms RIOT (https://www.tradingview.com/symbols/NASDAQ-RIOT/) 2.5%, Mara Holdings MARA (https://www.tradingview.com/symbols/NASDAQ-MARA/) 5%, CleanSpark CLSK (https://www.tradingview.com/symbols/NASDAQ-CLSK/) 3%, Bit Digital BTBT (https://www.tradingview.com/symbols/NASDAQ-BTBT/) nearly 4%
** Ether-linked names lift: BTCS BTCS (https://www.tradingview.com/symbols/NASDAQ-BTCS/) 6%, Bitmine Immersion Technologies BMNR (https://www.tradingview.com/symbols/AMEX-BMNR/) 9% and Sharplink Gaming SBET (https://www.tradingview.com/symbols/NASDAQ-SBET/) 6%
** ProShares Bitcoin Strategy ETF BITO (https://www.tradingview.com/symbols/AMEX-BITO/) and iShares Bitcoin Trust ETF IBIT (https://www.tradingview.com/symbols/NASDAQ-IBIT/) both rise around 5%, while iShares Ethereum Trust ETF ETHA (https://www.tradingview.com/symbols/NASDAQ-ETHA/) leaps 8%
** Despite the session's moves, BTC is down about 4% year-to-date, and ETH is down about 11%
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