Stock Track | Bitdeer Technologies Group Soars 8.12% as Bitcoin Hits New Record High

Stock Track

2024-12-16

Bitdeer Technologies Group (BTDR) stock surged 8.12% in the pre-market trading session on Monday, riding the wave of bullish sentiment in the cryptocurrency market.

The rally was fueled by a remarkable surge in bitcoin prices, which hit a new all-time high of $106,533 on Monday. Bitcoin's meteoric rise was attributed to comments from President-elect Donald Trump, who suggested plans to create a U.S. bitcoin strategic reserve.

As a leading cryptocurrency mining company, Bitdeer Technologies Group benefited from the rising tide of investor enthusiasm for bitcoin and other digital assets. The company's stock, along with other crypto miners like Riot Platforms (RIOT), Mara Holdings (MARA), and Core Scientific (CORZ), experienced significant gains in premarket trading.

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