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BUZZ-Crypto stocks gain as bitcoin rises more than 4%

Reuters
Oct 11, 2024

** Cryptocurrency and blockchain-related stocks gain, tracking bitcoin's move higher on Fri

** Bitcoin , world's biggest cryptocurrency, recently up 4.2% at $62,197, while Ether 3.2% at $2,442.30

** Crypto exchange Coinbase Global up >6%, and U.S.-listed shares of blockchain farm operator Bitfarms up >3% on the session

** Crypto miners advance: Riot Platforms 5.5%, Marathon Digital ~5%, Hut 8 ~4%, Bit Digital

~5%

** Shares of notable BTC hoarder MicroStrategy surges >10%, exceeds prior 1-yr high hit in Mar

** ProShares Bitcoin Strategy ETF lifting 4%

** Including move on the session, BTC up ~46% this year

(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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