US-listed companies, including Coinbase (COIN), MicroStrategy (MSTR), Marathon Digital (MARA), and Riot Blockchain (RIOT), continued Bitcoin's upward momentum by showing significant gains.
As BTC Nears $46K, Bitcoin-Related Companies Witness Significant Gains
As the world's largest cryptocurrency, Bitcoin (BTC), started 2024 by exceeding $45,000 for the first time in 21 months, shares of leading Bitcoin-indexed companies rose in today's trading.
Bitcoin gained more than 7% in the last 24 hours to $45,850, reaching the highest level since the beginning of April 2022.
U.S.-listed companies such as crypto exchange Coinbase (COIN), software developer MicroStrategy (MSTR), which owns a large number of Bitcoins, and mining firms Marathon Digital (MARA) and Riot Blockchain (RIOT), added to the bullish momentum with significant gains in pre-market trading. continued.
At the time of writing, Coinbase is trading at $184.95, up 6.34%, while MicroStrategy is trading at $689.84, up over 9%. Both Marathon and Riot gained more than 10%.
Bitcoin's recent rise indicates growing expectations for a spot BTC exchange-traded fund (ETF) to list in the US.
A Reuters report dated Dec. 30 had suggested that the Securities and Exchange Commission (SEC) could notify companies awaiting ETF approval that their applications would be approved as early as Tuesday.
*This is not investment advice.
