Crypto stocks advance as bitcoin climbs back above $70,000

Bit Digital,

04/03/2026 12:43

Adds Kraken news, updates prices

** Shares of cryptocurrency and blockchain-related companies advance premarket, as bitcoin BTC= hits more than three-week high

** The world's biggest cryptocurrency gains 4.8% to $71,277.82, while ether ETH= rises 5.1% to $2069.30

** Cryptocurrency exchange Kraken's banking unit gains access to the U.S. Federal Reserve's payments system, underscoring the industry's growing foothold in mainstream finance

** Crypto exchange Coinbase Global COIN.O rises 4.8%, while blockchain farm operator Bitfarms BITF.O adds 2.6%

** Crypto miners: MARA Holdings MARA.O, Riot Platforms RIOT.O, and Bit Digital BTBT.O gain between 4% and 6%

** BTC hoarder Strategy MSTR.O advances 5.9%, while ether hoarder Bitmine Immersion Technologies BMNR.A gains 4.8%

** Shares of retail trading platform Robinhood HOOD.O, which offers trading in crypto tokens, up 2.9%

** ProShares Bitcoin Strategy ETF BITO.P adds 3.8%, iShares Bitcoin Trust ETF IBIT.O up 3.7%

** BTC down more than 40% from its all-time high in October amid ETF outflows and investors unwinding leveraged positions

 (Reporting by Shashwat Chauhan in Bengaluru)

 ((Shashwat.Chauhan@thomsonreuters.com))