Crypto stocks rise after Bitcoin's strong performance

Bakkt

20/11/2024 11:19

** Cryptocurrency and blockchain-related companies' shares
rise premarket after Bitcoin surpassed $94,000 for the first
time on Tuesday
    ** Bitcoin  BTC=  reaches record high after The Financial
Times reported that Trump Media and Technology Group  DJT.O  is
close to an all-stock acquisition of crypto trading firm Bakkt
 BKKT.N   
    ** Bitcoin up 1.40% to $93,531, having lost some ground
after hitting a record high on Tuesday
    ** Exchange operator Coinbase Global  COIN.O  up 0.70%;
miners Riot Platforms  RIOT.O  and MARA Holdings  MARA.O  gain
1.55% and 2.47% respectively
    ** Bitcoin miner Bit Digital  BTBT.O  up 2.73%
    ** MicroStrategy  MSTR.O , a major crypto investor, rises
3.03% and ProShares Bitcoin Strategy ETF  BITO.P  up 1.12%
    ** Cryptocurrency-linked firms have soared since the Nov. 5
U.S. election, driven by hopes of President-elect Donald Trump's
 support for digital assets

 (Reporting by Ragini Mathur)
 ((Ragini.Mathur@thomsonreuters.com;))