Cryptocurrency stocks climb as bitcoin drifts over $30K in risk-on day

Cryptocurrency-focused stocks like MicroStrategy (NASDAQ:MSTR), Silvergate Capital (NYSE:SI) and HIVE Blockchain (HIVE) are gaining some ground in Tuesday morning trading, as bitcoin (BTC-USD) edges over $30K following a deep selloff triggered by Terra's (LUNA-USD) (UST-USD) collapse last week. Bitcoin (BTC-USD +3.1%) is rising to $30.4K as of shortly before 10:30 a.m., though still off more than 35% YTD. ET. Ethereum (ETH-USD +4.4%) is also perking up to $2.09K but down 45% YTD. Since bitcoin's correlation with the stock market has been increasingly robust over the past year, it's important to note that all three major U.S. stock market indices are in the green, with the tech-heavy Nasdaq (COMP.IND) rising the most. “Small amounts of dip buying tentatively gave Bitcoin a boost, but too much of the retail and institutional world still have massive wounds from the recent collapse,” Oanda Senior Market Analyst Edward Moya wrote in a note, as quoted by Bloomberg. Looking at