BUZZ-Crypto stocks rise as bitcoin rebounds

Reuters
28 Jan
BUZZ-Crypto stocks rise as bitcoin rebounds

** Shares of cryptocurrency- and blockchain-related companies rise premarket, as Bitcoin gains

** Bitcoin BTC=, the world's biggest cryptocurrency, up about 1.7% at $102,826, while Ether ETH= gains 1.2% to $3,200

** Crypto exchange Coinbase Global COIN.O rises 1.2%, while Blockchain farm operator Bitfarms Ltd BITF.O up about 5.7%

** Crypto miners Riot Platforms Inc RIOT.O, MARA Holdings MARA.O, U.S.-listed shares of Hut 8 HUT.O, and Bit Digital BTBT.O up between 3.6% and 4.2%

** ProShares Bitcoin Strategy ETF BITO.O gains 1.8%

** U.S. President Donald Trump signed an executive order last week creating a new working group to draw up crypto regulations, and explore the creation of a U.S. cryptocurrency stockpile

** Crypto markets have soared since Trump's election on hopes for more favorable regulations

** BTC gained 120% in 2024

(Reporting by Sanchayaita Roy in Bengaluru)

((Sanchayaita.roy@thomsonreuters.com))

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