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The price of bitcoin (BTCUSD) surged to a new record high Wednesday as the digital currency extended a rally fueled by renewed investor risk appetite and optimism about a favorable regulatory backdrop.
Bitcoin jumped to nearly $109,500 this morning, surpassing its previous high of around $109,300 set in January and up from an overnight low of just under $106,000.
The digital currency had slumped in April to around $76,000 as investors fled risky assets such as cryptocurrencies and stocks amid concerns about tariffs and their potential impact on the economic outlook. However, markets have since stabilized and have recently been on a rally after Trump temporarily paused tariffs on most countries. Last week, the Trump administration said that it has reached a trade truce with China, its biggest trading partner, and temporarily halted tariffs for 90 days.
Shares of crypto-related firms—including major bitcoin buyer Strategy (MSTR), crypto exchange Coinbase Global (COIN), and bitcoin miners MARA Holdings (MARA) and Riot Platforms (RIOT)—all were higher around midday.
4 Low-Beta Utility Stocks With Upside
Atmos Energy Corporation
Atmos Energy Corporation, along with its subsidiaries, is engaged in the regulated natural gas distribution and storage business. Atmos Energy operates more than 73,000 miles of transmission and distribution lines as well as 5,700 miles of interstate pipelines. Atmos Energy has an expected earnings growth rate of 6% for the current year.
DTE Energy Company
DTE Energy Company is a diversified energy company that develops and manages energy-related businesses and services nationwide. DTE has an expected earnings growth rate of 5.9% for the current year.
Edison International
Edison International is the parent holding company of Southern California Edison (SCE) and Edison Energy. Edison International has an expected earnings growth rate of 22% for the current year.
MDU Resources Group
MDU Resources Group, Inc. provides value-added natural resource products and related services that are essential for energy transportation and regulated energy delivery services to its customers. MDU Resources has an expected earnings growth rate of 5.2% for the current year.
This article has been published in investopedia.com via Yahoo News.
