Crypto stocks rally as ether scales new peak, Bitcoin nears record

Sos

08/11/2021 11:53

** Shares of cryptocurrency and blockchain-related firms
gain premarket as bitcoin  BTC=BTSP  jumps 4.1% to $65,882.99,
approaching its all-time high of $67,016.50 hit last month,
while ether  ETH=BTSP , which underpins the ethereum network,
hit a record top of $4,723.62  urn:newsml:reuters.com:*:nL1N2RZ08F
    ** U.S.-listed miners Hut 8 Mining Corp  HUT.O , Bit Digital
 BTBT.O , Riot Blockchain  RIOT.O ,  Marathon Digital Holdings
 MARA.O , rise between 6.9% and 9.8%
    ** Blockchain farm operator Bitfarms  BITF.O  surges 13.7%,
while Overstock.com  OSTK.O , an online retailer and blockchain
tech investor, up 0.6%
    ** MicroStrategy Inc  MSTR.O , a BTC buyer and business
intelligence software firm, climbs 6.9%; crypto exchange
Coinbase Global  COIN.O  adds 4.6%
    ** Bitcoin mining machine makers Ebang International
 EBON.O  and Canaan Inc  CAN.O  gain 4.8% and 6.3% respectively;
China-based SOS  SOS.N  rises 9%; crypto bank Silvergate Capital
cheerCorp  SI.N  up 2.8%
    ** China-based Future Fintech Group Inc  FTFT.O  adds 2.5%;
Alternate-energy bitcoin miner Stronghold Digital Mining Inc
 SDIG.O  climbs 2.4% 
    ** ProShares Bitcoin Strategy ETF  BITO.K , the first U.S.
bitcoin futures ETF, jumps 8.3% 
    ** "Bitcoin is bouncing higher again, close to all-time
highs fueled by expectations that the era of cheap money looks
set to hang around for longer, while inflation is expected to
keep ticking up," said Susannah Streeter, senior investment and
markets analyst at Hargreaves Lansdown

 (Reporting by Devik Jain in Bengaluru)
 ((Devik.Jain@thomsonreuters.com; within U.S. +1 646 223 8780;
outside U.S. +91 80 6182 2062; ;))