Bitdeer Technologies Group (BTDR) saw its stock surge 7.72% in pre-market trading on Tuesday, following the broader rally in cryptocurrencies and crypto-related stocks.
The rally was sparked by Bitcoin briefly touching the $95,000 mark, posting a 24-hour gain of 2.2%. Other crypto shares like MicroStrategy (MSTR) also jumped over 4% in pre-market trading as investor sentiment in the crypto market improved.
As a leading computing power provider for blockchain networks, Bitdeer's business prospects are closely tied to the performance of major cryptocurrencies like Bitcoin. The recent surge in Bitcoin and the broader crypto market has reignited investor interest in crypto-related stocks like Bitdeer.
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