Cryptocurrency stocks rose higher in premarket trading Friday, tracking strong gains in Bitcoin (BTC).
The world’s largest crypto asset climbed more than 4.7% in the past 24 hours, trading at $67,346.0 as of 09:49 GMT.
The upsurge helped BTC recover a part of its losses from earlier this week as crypto markets focused on Republican presidential nominee Donald Trump’s speech at the Bitcoin Conference this weekend.
The positive sentiment spilled into crypto-related equities, with shares of MicroStrategy (MSTR) and MARA (MARA) rising more than 5% and 6%, respectively.
Likewise, Riot Platforms (NASDAQ🙂 added 6%, Coinbase (NASDAQ🙂 climbed 5%, and Cipher Mining (NASDAQ:) jumped 7%.
Former President Trump is scheduled to deliver a keynote speech at the Bitcoin Conference in Nashville on Saturday.
Recently, Trump has adopted a pro-crypto stance…
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