BUZZ-Crypto stocks gain as bitcoin nears 5-month high

Reuters
2024-10-29

** Cryptocurrency and blockchain-related stocks rise before the bell as bitcoin hits highest since early Jun, extending recent gains

** Bitcoin , world's biggest cryptocurrency, recently up 2.6% at $71,451, while Ether up 4.6% at $2,630.97 ** BTC, on track for 4th straight session of gains, has picked up steam on rising expectations that Republican candidate Donald Trump will secure a second four=year term as U.S. president ** Trump has positioned himself as pro-cryptocurrency

**

Crypto exchange Coinbase Global up 3.5%, and U.S.-listed shares of blockchain farm operator Bitfarms up 6.5% premarket

** Shares of notable BTC hoarder MicroStrategy rising >5% before the bell

** Crypto miners advance : Riot Platforms

%, Mara Holdings (formerly Marathon Digital) 3.2%, Hut 8 4%, Bit Digital 3.5%

** ProShares Bitcoin Strategy ETF and iShares Bitcoin Trust ETF up 2.9% and 2.5%, respectively premarket

** BTC up 68% YTD with move on Tues

(Lance Tupper is a Reuters market analyst. The views expressed are his own) ((lance.tupper@thomsonreuters.com lance.tupper@tr.com 1-646-279-6380))

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