Crypto stocks track bitcoin higher amid broader tech rally
26/09/2024 13:05
** Shares of cryptocurrency- and blockchain-related
companies rise premarket, tracking bitcoin
** World's largest cryptocurency bitcoin up 1.4%, ether
ETH= up 1.8%
** Technology stocks and other risk-focused assets rise
broadly as investors price in deeper rate cuts from the U.S.
Federal Reserve MKTS/GLOB
** Crypto exchange Coinbase Global COIN.O rises 1.9%,
blockchain farm operator Bitfarms Ltd BITF.O up 2.4%
** Crypto miners jump: Riot Platforms Inc RIOT.O Marathon
Digital MARA.O , U.S.-listed shares of Hut 8 HUT.O , and Bit
Digital BTBT.O up 2%-2.6%
** Software firm and BTC buyer MicroStrategy MSTR.O gains
2.7%
** BTC mining machine maker Canaan Inc CAN.O up 4.1%
** iShares Bitcoin Trust ETF IBIT.O up 1.9%, iShares
Ethereum Trust ETF ETHA.O up 2.3%
** Both Bitcoin and Ethereum have continued to see strong
ETF inflows, with $106 million for bitcoin and $43 million for
ethereum - Valentin Fournier, analyst at BRN
** Bitcoin up 53% year to date
(Reporting by Lisa Mattackal)
((Lisapauline.mattackal@thomsonreuters.com))