Pre-market trading saw a rise in shares of well-known businesses that are close to the bitcoin as the largest cryptocurrency in the world began 2024 by breaking $45,000 for the first time in 21 months.
With almost 7% gain in the last day, Bitcoin (BTC) is now at its highest level since early April 2022, at over $45,600. U.S.-traded corporations that rode the positive momentum to show notable gains in pre-market trading included mining companies Marathon Digital (MARA) and Riot Blockchain (RIOT), software maker MicroStrategy (MSTR), which holds a big amount of bitcoin, and cryptocurrency exchange Coinbase (COIN).
As of this writing, Coinbase has increased by 6.34% to $184.95, while MicroStrategy has increased by nearly 9% to $689.84. Riot and Marathon each added over 10%.
With Bitcoin’s recent climb, there is growing expectation that a spot BTC exchange-traded fund (ETF) may be listed in the United States. According to a Reuters story published on December 30, the Securities and Exchange Commission (SEC) might let ETF sponsors know if their applications are accepted as early as Tuesday.