Crypto stocks rise at start of December as bitcoin hits 18-month high

Silvergate Capital

01/12/2023 11:12

** Shares of cryptocurrency and blockchain-related companies
rise in premarket trading as bitcoin  BTC=BTSP  touches 18-month
high
    ** The world's biggest cryptocurrency is up nearly 3% at
$38,783
    ** Crypto exchange Coinbase Global  COIN.O  rises 3.3%,
building on its 62% gain in November
    ** MicroStrategy  MSTR.O  gains ~3% as TD Cowen raises its
PT on software firm and BTC buyer to $565 from $520
    ** Crypto miners: Riot Platforms Inc  RIOT.O , Marathon
Digital  MARA.O , Hut 8 Mining  HUT.O  and Bit Digital  BTBT.O 
up between 3.4%-4.8%
    ** U.S.-listed shares of blockchain farm operator Bitfarms
Ltd  BITF.O  jump 6.3%, BTC mining machine maker Canaan Inc
 CAN.O  up 5.3%
    ** ProShares Bitcoin Strategy ETF  BITO.P  adds 1.9%
    ** Up to Thursday's close, BTC has more than doubled this
year compared with a ~80% increase in the MVIS CryptoCompare
Digital Assets 100 Index  .MVDA 

 (Reporting by Medha Singh)
 ((medha.singh@thomsonreuters.com))