Crypto stocks rise after bitcoin soars to record high

Bakkt

21/11/2024 11:12

** Cryptocurrency and blockchain-related companies' shares
rise premarket after bitcoin touches another record high 
    ** Bitcoin  BTC=  , the world's largest cryptocurrency, has
gained post Donald Trump's win in hopes of a friendlier
regulatory environment for digital assets
    ** BTC also gained 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 is up 3.5% in session and is trading at an
all-time high of over $97,500; Ether  ETH=  also up 2.1% 
    ** Cryptocurrency exchange Coinbase Global  COIN.O  gains
3%; miners Riot Platforms  RIOT.O , MARA Holdings  MARA.O  , and
U.S.-listed shares of Hut 8  HUT.O  increase 3.5%, 8.9% and
4.3%, respectively
    ** Bitcoin miner CleanSpark  CLSK.O  adds 4.4%,
MicroStrategy  MSTR.O , a major crypto bull, rises 9.5%
    ** iShares Bitcoin Trust  IBIT.O  advances 3.5% and
ProShares Bitcoin Strategy ETF  BITO.P  up 3.6%
    ** Bitcoin has doubled its value so far in 2024 while Ether
has gained ~33% YTD 

 (Reporting by Pritam Biswas in Bengaluru)
 ((Pritam.Biswas@thomsonreuters.com))