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Pre-Market Trading in U.S. Crypto Stocks Explodes, With MicroStrategy Topping $300
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Pre-Market Trading in U.S. Crypto Stocks Explodes, With MicroStrategy Topping $300
Nov 11, 2024 4:13 AM

Crypto ( CRCW ) equities in the U.S. are up more than 10% across the board as bitcoin climbs above $82,000 to a new record.Semler Scientific ( SMLR ) is leading the pack, with a 25% gain in pre-market trading.MicroStrategy ( MSTR ) shares climbed above $300.Disclaimer: The analyst who wrote this piece owns shares of MicroStrategy ( MSTR ) , Riot Platforms ( RIOT ) , Semler Scientific ( SMLR ) and Marathon Digital Holdings (MARA).

Bitcoin {{BTC}}, the leading token by market capitalization, surpassed $82,000 for the first time in its history over the weekend, spurring price gains in U.S. crypto equities before the official start of trading.

MicroStrategy ( MSTR ), the publicly traded company holding the largest amount of bitcoin, 252,200 BTC, rallied 11% to more than $300 a share. Copycat Semler Scientific ( SMLR ) surged 25% and is approaching a high for the year. Crypto ( CRCW ) exchange CoinBase added almost 17%.

MARA (MARA) is leading gains among miners, up almost 20%. The positive price action is helped by the bitcoin held on its balance sheet, which is 26,842 BTC, a level surpassed only MicroStrategy ( MSTR ).

Other notable miner performances include Riot Platforms ( RIOT ) , IREN (IREN) and HIVE Digital Technologies ( HIVE ) , all up double digits.

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