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<h1>The Market Is Eager For A Rebound</h1>

Today stocks are but and a little surprising one would be stock tied to cryptocurrency. It overall feels like the market is seriously wanting a rebound as this bear market continues to drag its paws slowly into 2023. 

The two theories currently floating around at Summer 2023 we could see the next bull rally or we could end up waiting until late 2024. But if there's one thing I've learned over the years you honestly never know what's coming next and just when you think you have it figured out it blows up in your face.

The big news today is Bitcoin hitting $17,000 and currently holding it which we have seen a few times in the past year always rebounding quickly if it fell bellow $16,000. I wouldn't consider us into a rally until we hit over $20,000 again and at least hold it for some time.

Let's take a look at a few of those stocks today.

# Coinbase (COIN)
![coinstock.jpg](https://images.hive.blog/DQmRo7tuVeJNJosYUKHAmR1oK6Zu8aGv8anmkXW7pBnWNpJ/coinstock.jpg)

Coinbase has been blasted since it was first released as a IPO. At the time of release that stock was worth over $300 a share. Now drastically down but still moving along in the bear market. You could almost look at the bear market for crypto stocks starting almost a year ago in Feb but the decline into that bear market 1 year and 1 month ago in December. It's crazy to think we actully are and have been in a bear market for a little over a year already.

Coinbase continues to bring in new users and sizeable income for the type of company it is. It's also released other products like a NFT market place and continues to add more and more tokens to it's platform. Even under HEAVY pressures from the SEC and also people in general the company has been doing well in the bear market.

# RIOT Blockchain INc. (RIOT)

![riotstock.jpg](https://images.hive.blog/DQmSNr1cnXkXZLCwEDpmxdDw9GkR5rHsM5AuPHMWTe9zYK2/riotstock.jpg)

Up a massive 20% today it's one of the leaders in this crypto stock related rally. Its a company that focuses heavy on both mining of bitcoin but also investing and working with other crypto companies. It's gone through a number of name changes since 2016 but RIOT seems to be holding and doing well.

# SOFI Technologies Inc. (SOFI)

![sofi stock 1.jpg](https://images.hive.blog/DQmUrqtBi1P4uDxdGwGwJN4RKok5vCUVYhknCBYm9iczBmH/sofi%20stock%201.jpg)

SOFI is a personal finance company and many might know it as a savings bank over anything else. However it has a heavy arm at the moment into the crypto space. I think that's what gives it an edge by being able to offer loans etc in crypto but also in stocks, personal loans etc. making it a rather robust banking system.

Overall the market looks hungry and eager to get out of this bear market so any little positive news such as bitcoin going to $17,000 and holding has been huge for these companies. The next telling signs will be the CPI number later this month and the next Fed rate hike actions. Look for those in the next few days to see how market perform and what the future might bring us.


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