financetom
Market
financetom
/
Market
/
Crypto Stocks Surge as Bitcoin Approaches All-Time Highs
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Crypto Stocks Surge as Bitcoin Approaches All-Time Highs
Mar 4, 2024 10:40 PM

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.

Read More: Bitcoin Rally Leaves More Than 97% of Addresses in Profit, Blockchain Data Show

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Sector Update: Financial
Sector Update: Financial
Jun 4, 2025
08:55 AM EDT, 06/04/2025 (MT Newswires) -- Financial stocks were declining premarket Wednesday, with The Financial Select Sector SPDR Fund (XLF) 0.1% lower. The Direxion Daily Financial Bull 3X Shares (FAS) was down 0.1% and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was 0.2% higher. Franklin Resources ( BEN ) shares were up more than 1% after...
Sector Update: Tech
Sector Update: Tech
Jun 4, 2025
08:48 AM EDT, 06/04/2025 (MT Newswires) -- Technology stocks were leaning lower premarket Wednesday as the Technology Select Sector SPDR Fund (XLK) was down 0.1% and the SPDR S&P Semiconductor ETF (XSD) was recently declining by 0.3%. CrowdStrike Holdings ( CRWD ) shares fell by more than 7% after the company reported a decline in fiscal Q1 non-GAAP earnings. ...
Sector Update: Health Care
Sector Update: Health Care
Jun 4, 2025
08:52 AM EDT, 06/04/2025 (MT Newswires) -- Health care stocks were flat to higher premarket Wednesday as the iShares Biotechnology ETF (IBB) was inactive and the Health Care Select Sector SPDR Fund (XLV) was up 0.3% recently. Sagimet Biosciences ( SGMT ) shares were rising by more than 14% after the company said denifanstat met all primary and secondary endpoints...
Sector Update: Energy
Sector Update: Energy
Jun 4, 2025
09:01 AM EDT, 06/04/2025 (MT Newswires) -- Energy stocks were advancing premarket Wednesday with the Energy Select Sector SPDR Fund (XLE) slightly higher recently. The United States Oil Fund (USO) was down 0.3% and the United States Natural Gas Fund (UNG) was 0.8% lower. Front-month US West Texas Intermediate crude oil was down 0.5% at $63.06 per barrel at the...
Copyright 2023-2025 - www.financetom.com All Rights Reserved