Crypto stocks lift as bitcoin surges to new record
2024-12-16
Category: None

** Cryptocurrency and blockchain-related stocks rise before the bell as bitcoin surges to new record
** Bitcoin hit a high of $106,533 on Mon after President-elect Donald Trump suggested he plans to create a U.S. bitcoin strategic reserve
** Bitcoin BTCUSD, world's biggest cryptocurrency, was last up 1% around $104,000, while smaller crypto Ether (ETH=) up 1.5% to $3,913
** Investor sentiment also boosted from inclusion of BTC stockpiler MicroStrategy MSTR in tech-heavy Nasdaq-100 index. MSTR up 3% premarket
    **     Crypto exchange Coinbase Global COIN up 1.7%, and U.S.-listed shares of blockchain farm operator Bitfarms BITF up 3%
** Crypto miners rise: Riot Platforms RIOT 2.5%, Mara Holdings MARA 2%, Core Scientific CORZ >1%, Hut 8 HUT ~3%, Bitdeer Technologies BTDR 5%
    ** Shares of online brokerage Robinhood Markets HOOD rise >2%  
** ProShares Bitcoin Strategy ETF BITO and iShares Bitcoin Trust ETF IBIT both advance ~2% before the bell
** BTC now up about 50% since the Nov 5 election, on expectations of a friendlier regulatory environment for cryptocurrencies under Trump administration