Crypto-linked stocks jump as bitcoin notches new record high

Cipher Digital

11/03/2024 10:14

** Crypto-related stocks rise premarket as bitcoin rallies
to fresh record high 
    ** Bitcoin  BTC=  touched a new peak of $71,824 earlier as
the surge in the biggest cryptocurrency showed no signs of
slowing down; was last up 4.7% at $71,639
    ** Britain's financial watchdog said it will now permit
recognized investment exchanges to launch crypto-backed
exchange-traded notes
    ** Crypto exchange Coinbase Global  COIN.O  up 6.6% - set to
hit highest in more than three years 
    ** Crypto miners Riot Platforms Inc  RIOT.O , CleanSpark
 CLSK.O , Cipher Mining  CIFR.O  and Marathon Digital  MARA.O 
up in the range of 5.2% and 6.8%
    ** Software firm and BTC buyer MicroStrategy  MSTR.O , which
bought 3,000 bitcoin last month, gains 7.3% - set to hit highest
in more than two decades 
    ** Trading app operator Robinhood  HOOD.O  up 2.2%
    ** BTC= up nearly 70% YTD 

 (Reporting by Sruthi Shankar in Bengaluru)
 ((sruthi.shankar@thomsonreuters.com;))