Crypto stocks track bitcoin higher ahead of Trump's inauguration
2025-01-17
Category: None

** Shares of cryptocurrency- and blockchain-related companies jump as bitcoin gains over 2%
** Bitcoin BTCUSD, the world's biggest cryptocurrency, last up 2.5% at $102,595
** Bitcoin set for best weekly gain since November ahead of inauguration of Donald Trump as U.S. President on Monday
** Market participants expect a much more favorable regulatory regime for digital assets under Trump, who has promoted bitcoin and nominated a crypto-friendly candidate to head the U.S. Securities and Exchange Commission
** Crypto exchange Coinbase Global COIN rises 5%
** Crypto miners up: Riot Platforms Inc RIOT up 5.1%, Marathon Digital MARA up 6.5%, Hut 8 HUT up 5.9%, and Bit Digital BTBT up 3.2% 
** BTC buyer MicroStrategy MSTR rises 5.6% 
** iShares Bitcoin Trust ETF up 2.8% 
** Bloomberg News reported on Thursday that Trump could issue executive order to designate cryptocurrency as national priority in his first few days in office 
** Bitcoin up over 9% this year; has gained 48% since Nov. 5 presidential election 