CryptoCurrency
BTC’s breakout lifts crypto equities and miners in pre-market trading
Bitcoin-related equities and technology stock futures such as Invesco’s QQQ are higher in pre-market trading as bitcoin has broken above $92,000, briefly touching $93,000 during the Asian morning on Monday,
Strategy (MSTR) is up 3.5% to $163 per share and is expected to announce another bitcoin purchase later on Monday. STRC, the perpetual preferred equity, is approaching par at $100 after the company raised the dividend rate to 11%. While, Strive (ASST) another bitcoin treasury company is up 12%, approaching the $1 level.
AI-related miners are also extending gains. Cipher Mining (CIFR) and IREN (IREN) are both up more than 2% after rallying as much as 10% and 13% on Friday, lifting their share prices to $17 and $44 respectively. Hive Digital (HIVE) is up 6% to $3 per share.
MARA Holdings (MARA) is up 3.5% to above $10 per share, while fellow bitcoin miners Riot Platforms (RIOT) and CleanSpark (CLSK) are each up around 3%.
Meanwhile, following Venezuela and U.S.-related developments, metals have continued their rally, with gold and silver up 2% and 4% respectively. The DXY index is also slightly higher, approaching 99.
