Cryptocurrency-exposed stocks climbed in premarket trading on Friday as Bitcoin surged past $118,000 for the first time, extending its record-breaking rally.
Bitcoin, the largest cryptocurrency, rose about 7% to $118,761.3.
Several crypto-related stocks posted significant gains in premarket trading. Hive Digital led the pack with a 6.9% increase, followed by Bitfarms at 6.5% and Bit Digital at 5.8%.
Other notable gainers included MARA Holdings, up 4.3%, Cipher Mining, rising 4.2%, and Hut 8, advancing 3.8%.
Riot Platforms and CleanSpark both gained 3.5%, while MicroStrategy added 3.6%.
Cryptocurrency exchange Coinbase saw its shares rise 2.1%, while Bakkt moved up 3% in the early session.
Source: Investing.com
