BUZZ-Crypto stocks rise after Bitcoin's strong performance

Reuters

2024-11-20

BUZZ-Crypto stocks rise after Bitcoin's strong performance

** Cryptocurrency and blockchain-related companies' shares rise premarket after Bitcoin surpassed $94,000 for the first time on Tuesday

** Bitcoin BTC= reaches record high after The Financial Times reported that Trump Media and Technology Group DJT.O is close to an all-stock acquisition of crypto trading firm Bakkt BKKT.N

** Bitcoin up 1.40% to $93,531, having lost some ground after hitting a record high on Tuesday

** Exchange operator Coinbase Global COIN.O up 0.70%; miners Riot Platforms RIOT.O and MARA Holdings MARA.O gain 1.55% and 2.47% respectively

** Bitcoin miner Bit Digital BTBT.O up 2.73%

** MicroStrategy MSTR.O, a major crypto investor, rises 3.03% and ProShares Bitcoin Strategy ETF BITO.P up 1.12%

** Cryptocurrency-linked firms have soared since the Nov. 5 U.S. election, driven by hopes of President-elect Donald Trump's support for digital assets

(Reporting by Ragini Mathur)

((Ragini.Mathur@thomsonreuters.com;))

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miners Riot Platforms RIOT.O and MARA Holdings MARA.O gain 1.55% and 2.47% respectively** Bitcoin miner Bit Digital BTBT.O up 2.73%** MicroStrategy MSTR.O, a major crypto investor, rises 3.03% and ProShares Bitcoin Strategy ETF BITO.P up 1.12%** Cryptocurrency-linked firms have soared since the Nov. 5 U.S. election, driven by hopes of President-elect Donald Trump's  support for digital assets (Reporting by Ragini Mathur) ((Ragini.Mathur@thomsonreuters.com;))","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0}}}