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Crypto Stocks Surge as Bitcoin Approaches All-Time Highs
Bitcoin topped $65,000 for the first time since November 2021 on Monday
U.S.-listed crypto companies showed healthy gains in pre-market trading on Monday as bitcoin {{BTC}} topped $65,000 for the first time since November 2021.
Bitcoin is up over 5% in the last 24 hours, while the CoinDesk 20 Index, a measure of the largest digital assets, has risen around 4.75%.
STORY CONTINUES BELOW
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With the world’s largest cryptocurrency's all-time high price of just over $69,000 firmly in its sights, crypto exchange Coinbase (COIN) gained over 6% while software company MicroStrategy (MSTR), which holds more than 190,000 BTC on its balance sheet, rose around 8.2% in pre-market trading.
Among bitcoin mining companies, CleanSpark (CLSK) led the way with gains of 8%, while Marathon Digital (MARA), Iris Energy (IREN) and Riot Platforms (RIOT) advanced by 6.6%, 6.8% and 4.7%, respectively.
Read More: Bitcoin Rally Leaves More Than 97% of Addresses in Profit, Blockchain Data Show
Jamie Crawley
Jamie has been part of CoinDesk's news team since February 2021, focusing on breaking news, Bitcoin tech and protocols and crypto VC. He holds BTC, ETH and DOGE.
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