Crypto stocks up as bitcoin prices trend higher
18/10/2024 13:24
** Shares of cryptocurrency and blockchain-related companies
rise as world's most valuable cryptocurrency, bitcoin, hovers at
levels seen over two months ago
** Bitcoin BTC= rises 1.2% to $62,400 and set to end the
week up 8.7% - its biggest weekly jump in over one month
** Some analysts point BTC impacted by increasing chances of
Republican Donald Trump winning Nov. 5 U.S. elections, who has
positioned himself as a pro-bitcoin candidate
** Odds of Trump winning the race as per PredictIt, an
online prediction marketplace, stand at 55 cents, compared with
rival Kamala Harris' chances at 47 cents
** Ether ETH= prices also rise 1% to $2,623
** Crypto exchange Coinbase Global COIN.O rises 1.9%,
while Blockchain farm operator Bitfarms Ltd BITF.O up 2.1%
premarket
** Crypto miners: Riot Platforms Inc RIOT.O , Mara Holdings
MARA.O , U.S.-listed shares of Hut 8 HUT.O , and Bit Digital
BTBT.O up 1.7%-3%
** Software firm and BTC buyer MicroStrategy MSTR.O gains
2%
** ProShares Bitcoin Strategy ETF BITO.P adds 1.5%
** BTC has risen 61% YTD compared with a 39.3% increase in
the MVIS CryptoCompare Digital Assets 100 Index .MVDA
(Reporting by Johann M Cherian in Bengaluru)