Crypto stocks rise as bitcoin rebounds past $96,000
2025-01-14
Category: None

** Shares of cryptocurrency and blockchain companies rise in premarket trade as bitcoin recovers from a Monday selloff 
** Bitcoin BTCUSD, the world's biggest cryptocurrency, last up 2.4% at $96,389.21, after slumping below $90,000 on Monday 
** Crypto exchange Coinbase Global COIN rises 3.8%
** Crypto miners recover ground: Riot Platforms Inc RIOT up 3.9%, MARA Holdings MARA up 3.8%, Hut 8 HUT up 4.6%
** BTC buyer MicroStrategy MSTR rises 3.4% 
** iShares Bitcoin Trust ETF IBIT rises 3.1% 
** Bitcoin has been volatile after initial surge following Donald Trump's victory in the U.S. presidential election, as investors gauge the likelihood of Federal Reserve rate cuts this year 
** Digital asset investment products saw outflows of $940 million during the latter half of last week after the release of the Fed's Dec meeting minutes and stronger-than-expected labor market data, as per CoinShares data
** "This suggests the post-U.S. election honeymoon is over, and macroeconomic data is once again a key driver of asset prices" - CoinShares analysts 
** Bitcoin products saw net inflows of $214 million last week, CoinShares says
** BTC up just 0.5% this month to date 