Crypto-related stocks climb as bitcoin hits over 1-week high
06/05/2024 11:23
** Shares of cryptocurrency and blockchain-related companies
rise in premarket trade as bitcoin BTC= price hits 12-day high
** Bitcoin BTC= , world's biggest cryptocurrency, last up
2.2% after hitting intraday high of $65,554.86, while Ether
ETH= also rises 2% to near one-week high of $3,222.90
** Crypto exchange Coinbase Global COIN.O rises 3.8%,
while Blockchain farm operator Bitfarms Ltd BITF.O gains 4.4%
** Crypto miners Riot Platforms Inc RIOT.O , Marathon
Digital MARA.O , U.S.-listed shares of Hut 8 HUT.O and Bit
Digital BTBT.O up 4%-8%
** Software firm and BTC buyer MicroStrategy MSTR.O gains
8.7%
** BTC mining machine makers Ebang International EBON.O
and Canaan Inc CAN.O up 4% each
** ProShares Bitcoin Strategy ETF BITO.P adds 5.2%
** Last week, Coinbase swung to Q1 profit of over $1 bln,
helped by uptick in cryptocurrency trading following launch of
first U.S.-listed ETFs tracking bitcoin in January
** BTC up 55.5% YTD, compared with a 7.5% rise in benchmark
S&P 500 .SPX
(Reporting by Ankika Biswas in Bengaluru)
((Ankika.Biswas@thomsonreuters.com))