Companies Associated with Bitcoin Display Pre-Market Gains as BTC Approaches $46K

January 4, 2024

By Anjali Kochhar

U.S.-listed companies, including COIN, MSTR, MARA, and RIOT, demonstrated notable increases in pre-market trading, capitalizing on the bullish momentum of bitcoin.

As the world’s largest cryptocurrency began 2024 by crossing $45,000 for the first time in 21 months, pre-market trading observed a rise in shares of well-known bitcoin-related companies on Tuesday.

At $45,600, the highest level since the beginning of April 2022, Bitcoin (BTC) has increased by more than 7% in the last day. U.S.-traded corporations that rode the positive momentum to show notable gains in pre-market trading included mining companies Marathon Digital (MARA) and Riot Blockchain (RIOT), software maker MicroStrategy (MSTR), which holds a notable amount of bitcoin, and cryptocurrency exchange Coinbase (COIN).

As of this writing, MicroStrategy has gained more than 9% to $689.84, while Coinbase has increased by 6.34% to $184.95. Riot and Marathon each contributed over 10%.

A spot BTC exchange-traded fund (ETF) listing in the United States is a prospect that is increasingly anticipated, based on the recent spike in bitcoin prices. As early as Tuesday, the Securities and Exchange Commission (SEC) might inform ETF sponsors that their applications have been approved, according to a Reuters story published on December 30.

About the author

Anjali Kochhar covers cryptocurrency stories in India as well as globally. Having been in the field of media and journalism for over three years now, she has developed a sharp news sense and works hard to present information that goes beyond the obvious. She is an avid reader and loves writing on a wide range of subjects.

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