Crypto Stocks Rally Pre-Market as Bitcoin Tops $46K
Summary
Cryptocurrency-related publicly traded companies experienced gains in pre-market trading as Bitcoin topped $46,000 for the first time in nearly a month, increasing by almost 10% over the week. Bitcoin miner CleanSpark reported a fiscal first-quarter profit of $25.9 million, leading to a nearly 20% rise in its stock. Riot Platforms and Marathon Digital Holdings also saw increases of 7% and 8% respectively. Cryptocurrency exchange Coinbase and software company MicroStrategy, which holds around 190,000 BTC, both saw gains of around 5%. BlackRock's bitcoin exchange-traded fund (IBIT) added around 2.75%.
