3 Stocks That Are Soaring Because of Bitcoin

Bitcoin has been on a breathtaking ride this year, with the cryptocurrency soaring a remarkable 1,432%—and that's after falling more than $1,000 from its peak this week.

Like all rising tides, bitcoin’s success has lifted other boats. Take rival digital currency Ethereum, which now has a single coin priced above $500; it started the year under $8.

But for investors who aren't so sure about cryptocurrencies, bitcoin also has coattails that reach into the stock market.