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Crypto Stocks Surge as Bitcoin Approaches All-Time Highs
Bitcoin topped $65,000 for the first time since November 2021 on Monday
Updated Mar 8, 2024, 10:35 p.m. Published Mar 4, 2024, 12:30 p.m.
U.S.-listed crypto companies showed healthy gains in pre-market trading on Monday as bitcoin {{BTC}} topped $65,000 for the first time since November 2021.
Bitcoin is up over 5% in the last 24 hours, while the CoinDesk 20 Index, a measure of the largest digital assets, has risen around 4.75%.
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With the world’s largest cryptocurrency's all-time high price of just over $69,000 firmly in its sights, crypto exchange Coinbase (COIN) gained over 6% while software company MicroStrategy (MSTR), which holds more than 190,000 BTC on its balance sheet, rose around 8.2% in pre-market trading.
Among bitcoin mining companies, CleanSpark (CLSK) led the way with gains of 8%, while Marathon Digital (MARA), Iris Energy (IREN) and Riot Platforms (RIOT) advanced by 6.6%, 6.8% and 4.7%, respectively.
Read More: Bitcoin Rally Leaves More Than 97% of Addresses in Profit, Blockchain Data Show
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Solana CME Futures Fell Short of BTC and ETH Debuts, but There's a Catch
When adjusted for asset market capitalization SOL's relative futures volume looks better, K33 Research noted.
알아야 할 것:
- Solana's SOL futures began trading on the Chicago Mercantile Exchange (CME) on Monday, with a notional daily volume of $12.3 million and $7.8 million in open interest, significantly lower than the debuts of bitcoin (BTC) and ether (ETH) futures.
- Despite the seemingly lackluster debut, when adjusted to market value, SOL's first-day figures are more in line with BTC's and ETH's, according to K33 Research.
- Despite the bearish market conditions, the launch of CME SOL futures offers new ways for institutions to manage their exposure to the token, said Joshua Lim of FalconX.
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