Crypto stocks lift as bitcoin surges to new record

Bitdeer Technologies

16/12/2024 12:52

** Cryptocurrency and blockchain-related stocks rise before the
bell as bitcoin surges to new record
** Bitcoin hit a high of $106,533 on Mon after President-elect
Donald Trump suggested he plans to create a U.S. bitcoin
strategic reserve
    ** Bitcoin  BTC= , world's biggest cryptocurrency, was last
up 1% around $104,000, while smaller crypto Ether  ETH=  up 1.5%
to $3,913
** Investor sentiment also boosted from inclusion of BTC
stockpiler MicroStrategy  MSTR.O  in tech-heavy Nasdaq-100
index. MSTR up 3% premarket
    **
     Crypto exchange Coinbase Global  COIN.O  up 1.7%, and
U.S.-listed shares of blockchain farm operator Bitfarms  BITF.O 
up 3%
** Crypto miners rise: Riot Platforms  RIOT.O %, Mara Holdings
 MARA.O  2%, Core Scientific  CORZ.O  >1%, Hut 8  HUT.O 
~3%, Bitdeer Technologies  BTDR.O  5%
    ** Shares of online brokerage Robinhood Markets  HOOD.O 
rise >2%
  
    ** ProShares Bitcoin Strategy ETF  BITO.P  and iShares
Bitcoin Trust ETF  IBIT.O  both advance ~2% before the bell
    ** BTC now up about 50% since the Nov 5 election, on
expectations of a friendlier regulatory environment for
cryptocurrencies under Trump administration

(Lance Tupper is a Reuters market analyst. The views expressed
are his own)
((lance.tupper@tr.com 1-646-279-6380
))