Crypto-related stocks rise as bitcoin hits over two-month high

Ebang International Holdings

16/10/2024 13:56

** Cryptocurrency and blockchain-related stocks rise before the
bell as bitcoin touches highest level since Jul 29
    ** Bitcoin  BTC= , world's biggest cryptocurrency, recently
up 2.2% at $67,888, while Ether  ETH=  up 2.4% to $2,634
    **
     Crypto exchange Coinbase Global  COIN.O  up >3%, and
U.S.-listed shares of blockchain farm operator Bitfarms  BITF.O 
up ~4% premarket
    ** Crypto miners advance: Riot Platforms  RIOT.O 
     3%, Mara Holdings  MARA.O  (formerly Marathon Digital) ~4%,
Hut 8  HUT.O  2%, Bit Digital  BTBT.O  ~4%
    ** Shares of notable BTC buyer MicroStrategy  MSTR.O  jumps
3%
  
** ProShares Bitcoin Strategy ETF  BITO.P  and iShares Bitcoin
Trust ETF  IBIT.O  both up >1%
    ** BTC now up ~60% YTD with move on Weds

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