** Cryptocurrency and blockchain-related stocks rise as bitcoin reclaims the $100,000 level for the first time since Dec 19
** Bitcoin , world's biggest cryptocurrency, recently up 3.8% at $101,933, while Ether up 1.3% to $3,694 ** Shares of BTC hoarder, MicroStrategy , up >5% on the session. Co on Mon disclosed on Dec 30 and Dec 31 it bought approx 1,070 bitcoins for about $101 mln in cash at avg price of $94,004/bitcoin, bringing its total holdings to approx 447,470 bitcoins
** Late Fri, MSTR
announced
targeted capital raise of up to $2 bln of preferred stock to buy even more
** Crypto exchange Coinbase Global up 6% on Mon, and U.S.-listed shares of blockchain farm operator Bitfarms
up 4%
** Crypto miners gain: Riot Platforms
, Mara Holdings 3%, Hut 8 9%
**
Shares of retail trading platform Robinhood Markets up ~4% on the session
** ProShares Bitcoin Strategy ETF and iShares Bitcoin Trust ETF both climbing about 4% ** BTC soared above the $108,000 mark last month amid hopes of a friendlier regulatory environment for cryptocurrencies under a Donald Trump administration
** Meanwhile, Bernstein
sees
BTC surpassing $200,000 by end-2025, citing potential for a national reserve, increased ETF inflows and accelerated institutional adoption, among other predictions
(Lance Tupper is a Reuters market analyst. The views expressed are his own) ((lance.tupper@tr.com 1-646-279-6380))
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