Crypto stocks track bitcoin higher ahead of Trump's inauguration
17/01/2025 14:40
** Shares of cryptocurrency- and blockchain-related
companies jump as bitcoin gains over 2%
** Bitcoin BTC= , the world's biggest cryptocurrency, last
up 2.5% at $102,595
** Bitcoin set for best weekly gain since November ahead of
inauguration of Donald Trump as U.S. President on Monday
** Market participants expect a much more favorable
regulatory regime for digital assets under Trump, who has
promoted bitcoin and nominated a crypto-friendly candidate to
head the U.S. Securities and Exchange Commission
** Crypto exchange Coinbase Global COIN.O rises 5%
** Crypto miners up: Riot Platforms Inc RIOT.O up 5.1%,
Marathon Digital MARA.O up 6.5%, Hut 8 HUT.O up 5.9%, and
Bit Digital BTBT.O up 3.2%
** BTC buyer MicroStrategy MSTR.O rises 5.6%
** iShares Bitcoin Trust ETF up 2.8%
** Bloomberg News reported on Thursday that Trump could
issue executive order to designate cryptocurrency as national
priority in his first few days in office
** Bitcoin up over 9% this year; has gained 48% since Nov. 5
presidential election
(Reporting by Lisa Mattackal)