Crypto Stocks Surge as Bitcoin Approaches All-Time Highs
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U.S.-listed crypto companies showed healthy gains in pre-market trading on Monday as bitcoin {{BTC}} topped $65,000 for the first time since November 2021.
Bitcoin is up over 5% in the last 24 hours, while the CoinDesk 20 Index, a measure of the largest digital assets, has risen around 4.75%.
With the world’s largest cryptocurrency’s all-time high price of just over $69,000 firmly in its sights, crypto exchange Coinbase (COIN) gained over 6% while software company MicroStrategy (MSTR), which holds more than 190,000 BTC on its balance sheet, rose around 8.2% in pre-market trading.
Among bitcoin mining companies, CleanSpark (CLSK) led the way with gains of 8%, while Marathon Digital (MARA), Iris Energy (IREN) and Riot Platforms (RIOT) advanced by 6.6%, 6.8% and 4.7%, respectively.
Edited by Parikshit Mishra.
