Crypto stocks jump as bitcoin breaches $81,000
11/11/2024 09:45
** Shares of cryptocurrency and blockchain-related companies
advance premarket as bitcoin BTC= trades above $81,000 for the
first time; BTC last at $81,414
** Bitcoin soared recently on expectations that
cryptocurrencies will boom in a favourable regulatory
environment after the election of Donald Trump as U.S. president
and pro-crypto candidates to Congress
** "His pledge to go all in on crypto has sent Bitcoin to
fresh heady heights ... He's made an about-turn on supporting
the industry and is now vowing to turn the U.S. into the crypto
capital of the world," said Susannah Streeter, head of money and
markets at Hargreaves Lansdown
** Other cryptocurrencies like Ether ETH= rose to above
$31,000, while Dogecoin DOGE=KRKN stood at an over three-year
high
** Crypto exchange Coinbase Global COIN.O jumps 15.5%,
while Blockchain farm operator Bitfarms BITF.O rises 13.8%
** Crypto miners: Riot Platforms RIOT.O , MARA Holdings
MARA.O , U.S.-listed shares of Hut 8 HUT.O , and Bit Digital
BTBT.O up 12.1% - 15.4%
** Software firm and BTC bull MicroStrategy MSTR.O gains
9.7%, BTC mining machine maker Canaan CAN.O up 14.3%
** ProShares Bitcoin Strategy ETF BITO.P adds 6.7%,
iShares Bitcoin Trust IBIT.O rises 6.6%
** BTC has risen more than 90% so far this year
(Reporting by Shashwat Chauhan in Bengaluru)
((Shashwat.Chauhan@thomsonreuters.com))