U.S. Crypto Stocks Ride BTC Momentum in Pre-Market Trading

BTC climbed above $36,000 for the first time in around 18 months during Asian trading hours on Thursday, and the bullish momentum fed through to U.S. publicly-traded firms with crypto exposure, such as the Coinbase exchange, software developer MicroStrategy – which owns a large number of bitcoin, trading platform Robinhood and mining firms Marathon Digital and Riot Blockchain .had added about 4% as of 11:03 UTC .

MicroStrategy, which held 158,400 BTC on its balance sheet as of the end of last month,These gains may also reflect fresh optimism of a spot bitcoin exchange-traded fund finally being approved in the U.S., following reportsThe leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a.

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