Crypto stocks such as Coinbase (COIN), MicroStrategy (MSTR) and Robinhood (HOOD) saw impressive gains as Bitcoin soared to a new all-time high of $82,000. The surge in Bitcoin price also ignited a rally in BTC mining stocks such as Marathon Digital (MARA) as high as 20% in pre-market hours on Monday.
Crypto Stocks MicroStrategy, Coinbase Rise on Bitcoin Surge
Analysts expect substantial inflows of $10-15 billion in MicroStrategy from index funds as MSTR stock nears possible inclusion in the S&P 500 index. Michael Saylor also announced that the company has acquired 27,200 BTC for $2.03 billion at $74,463 per BTC today.
MSTR stock price surged by 11.12% in pre-market trading, reaching $300.50, as Bitcoin price skyrocketed to new all-time highs. The company’s strong Bitcoin strategy continues to drive investor confidence, with its stock price reflecting increased demand for exposure to Bitcoin without directly purchasing the cryptocurrency.
Other crypto-related stocks like Coinbase (COIN) also saw impressive gains, opening 16.10% higher at $314.34. The crypto trading on the exchange has increased massively as investors go massively bullish.
Meanwhile, Robinhood Markets (HOOD) surged by 7.40%, trading at $32.80, as investor enthusiasm builds around Bitcoin performance. This rally in crypto stocks aligns with the broader optimism in the crypto market, fueled by Bitcoin continued rise.
Marathon, CleanSpark, and Riot Bitcoin Mining Stocks Gain Momentum in Pre-Market
Bitcoin mining stocks are showing impressive pre-market gains as investor interest surges. Marathon Digital (MARA), CleanSpark (CLSK), and Riot Platforms (RIOT) are all riding the wave of positive momentum, with their stock prices climbing significantly in early trading. Marathon Digital (MARA) is seeing a notable 15.84% increase, with its pre-market price reaching $22.32, while CLSK is 0.44% down, with shares trading at $13.51.
Riot Platforms (RIOT), another leading Bitcoin mining company, is also gaining traction, with a pre-market increase of 10.62%, bringing its stock to $14.17. This surge is fueled by growing optimism surrounding the broader crypto and mining market, making these stocks attractive to investors looking to capitalize on the potential of Bitcoin mining companies.
Bitcoin Performance and Investor Sentiment Drive Market Optimism
Bitcoin price has surged to a new high of $82,302, marking a significant increase of 19.6% over the past week and 30% in the last month. The 24-hour trading volume has seen a remarkable spike, now at $78.23 billion, further highlighting the growing investor confidence. With a 24-hour low of $78,479 and a high of $82,311, Bitcoin continues to rally, drawing attention from investors across the globe.
Ark Invest CEO Cathie Wood weighed in on the broader economic and crypto market outlook, sharing her bold predictions for the US economy and cryptocurrency future. She suggested the White House could result in significant market gains, including a boost for digital assets, with the return of Donald Trump. This forecast has sparked even more optimism among investors, adding fuel to the ongoing rally in both Bitcoin and crypto stocks.
However, some buzz regarding a crypto market crash has emerged as BTC implied volatility crashed and Bitcoin continues to move higher.
