Crypto-related stocks advance as bitcoin hits two-week high

American Bitcoin

Yesterday 17:48

** Crypto-related stocks climb as bitcoin hits its highest level since October 7
** Bitcoin BTC=, the world's largest crypto currency, up nearly 2.2% at $84,604.73, while ether ETH= gains 2.5% to $2,508.02
** Crypto exchange operator Coinbase Global COIN.O adds 4.3%
** Major bitcoin holder Strategy MSTR.O rises 7.6%
** Online brokerage Robinhood Markets HOOD.O advances 4.1%
** Crypto miners move higher, with Riot Platforms RIOT.O up 2%, Mara Holdings MARA.O up 3.8% and Bit Digital BTBT.O up 5.4%
** American Bitcoin >, backed by US President Donald Trump's sons, gains 12,2%; parent Hut 8 HUT.O jumps 2%
** Stablecoin issuer Circle Internet CRCL.N rises 5.3%
** Ether-focused businesses also trade higher, with BitMine Immersion Technologies BMNR.A up about 5.4% and SharpLink Gaming SBET.O adding 5.7%
** Spot bitcoin ETFs gain, with ProShares Bitcoin ETF BITO.P and iShares Bitcoin Trust ETF IBIT.O up nearly 2.5% each
** Despite Wednesday's gains, bitcoin remains down 3.5% YTD, while ether has fallen roughly 15.8%
     

 (Reporting by Darshan Kumar in Bengaluru)
 ((darshan.kumar@thomsonreuters.com))