Crypto stocks rise as bitcoin advances ahead of tight US election
28/10/2024 10:15
** Shares of cryptocurrency and blockchain-related companies
rise as bitcoin gains
** Bitcoin BTC= , the world's biggest cryptocurrency, up
1.2% at $68,445, climbing on rising expectations that former
President Donald Trump will regain the White House in November
** Trump's gains in recent Reuters/Ipsos polls show a tight
race between him and Democratic opponent Kamala Harris
** Trump has positioned himself as an advocate of crypto and
the recent gains in assets like bitcoin echo the so-called Trump
trades
** Ether ETH= rises 1.7% to $2,530
** Crypto exchange Coinbase Global COIN.O up 3.1%, and
U.S.-listed shares of blockchain farm operator Bitfarms BITF.O
up 4.2% premarket
** Crypto miners advance: Riot Platforms RIOT.O up 2.4%,
Mara Holdings MARA.O , formerly Marathon Digital, up 2.4%, Hut
8 HUT.O up 3%, Bit Digital BTBT.O up 4.8%
** Shares of notable BTC buyer MicroStrategy MSTR.O jump
3.4%
** ProShares Bitcoin Strategy ETF BITO.P up 2.8% and
iShares Bitcoin Trust ETF IBIT.O gains 2.7%
(Reporting by Sukriti Gupta in Bengaluru)