The share price of cryptocurrency exchange Coinbase has surged by 69% since its all-time lows, and other crypto-related stocks including business intelligence firm MicroStrategy have recorded similar jumps — it’s been green candles all around since the start of 2023.

The share price of Coinbase fell as low as $31.95 on Jan. 6, before shooting up to $54.14 by the close of trading on Jan. 17.

The rising share price will likely be accompanied by a huge sigh of relief for Coinbase executives after a challenging 2022 saw it cut 20% of its workforce and wind down its Japanese operations. Despite the surge, COIN remains more than 84% below its all-time high.

Other crypto-related stocks such as MicroStrategy and digital payments company Block Inc. have also posted strong gains in the new year.

MicroStrategy’s share price has increased to nearly $236 from a low of just over $135 on Dec. 29 — representing an increase of over 74% — while Jack Dorsey’s Block has seen its share price increase by a muted but still respectable 27%, after rebounding from a low of under $59 on Dec. 28 to over $75.

The rebound has been even more dramatic for crypto mining stocks. Bitfarms and Marathon Digital Holdings recorded surges of 140% and 120%, respectively, throughout the first two weeks of the year.

Crypto exchange-traded funds (ETFs) also rebounded to a lesser degree, with Valkyrie Bitcoin Miners ETF (WGMI) more than doubling its price from a low of just over $4 on Dec. 28 to over $8.

The ProShares Bitcoin Strategy ETF (BITO) jumped from over $10 on Dec. 28 to a current price of around $13 — increasing by just under a third.

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Even Grayscale Bitcoin Trust has managed to regain some of its 2022 losses, after increasing from a low of $7.76 on Dec. 28 to a current price of $11.72, a 51% increase.

While the trust is designed to mirror the price of Bitcoin 

BTC

$22,631

, it often trades at a discount or premium to the value of its underlying holdings. It is now sitting at a discount of just over 36%, after having traded at over a 45% discount on Dec. 28.

Some pundits believe Bitcoin in particular has skyrocketed on the back of the positive inflation figures from the United States released on Jan. 12 — with BTC having increased in price by over 17% since then — but it is interesting to note that Dec. 28 seemed to represent a market bottom across many cryptocurrencies and stocks.