Bitcoin-Related Companies Show Pre-Market Gains as BTC Nears $46K
Bitcoin started 2024 by surpassing $45,000 for the first time in 21 months, leading to a rise in shares of bitcoin-related companies in pre-market trading. Bitcoin has added more than 7% in the last 24 hours to about $45,600, its highest level since April 2022. U.S.-traded companies such as Coinbase, MicroStrategy, Marathon Digital, and Riot Blockchain showed significant gains in pre-market trading. Coinbase is up 6.34%, MicroStrategy is up over 9%, and Marathon and Riot both added more than 10%. The surge in Bitcoin's value is due to increasing anticipation of a spot BTC exchange-traded fund (ETF) being listed in the U.S. A Reuters report suggested that the Securities and Exchange Commission could approve ETF applications as early as Tuesday.
