Cryptocurrency shares are rising Wednesday on the again of the continued climb within the value of Bitcoin, which has climbed an additional 4%.

Bitcoin is at the moment buying and selling round $51,770, its highest stage since December 2021. The rise has taken its market cap to $1 trillion. Ethereum, the second-largest cryptocurrency, is up near 4% on the time of writing, buying and selling at round $2,746.

The rise in cryptocurrencies has seen alternate Coinbase (NASDAQ:) shares rally greater than 10% on Wednesday, buying and selling at $155.61. The inventory initially hit a excessive of over $160 per share.

In the meantime, Bitcoin mining firms Riot Platforms (NASDAQ:) and Marathon Digital Holdings (NASDAQ:) have jumped, up 9% and 12%, respectively.