Investing
Crypto stocks leap as Bitcoin crosses $47,000
© Reuters Crypto stocks leap as Bitcoin (BTC) crosses $47,000
Investing.com — For the first time in almost a month, Bitcoin (BTC) crossed above the $47,000 mark on Friday, pushing crypto-related stocks into the green ahead of the stock market open.
The leading cryptocurrency rose 4.5% in the past 24 hours, sitting at around $47,300 at the time of writing.
As for the cryptocurrency stocks, CleanSpark (NASDAQ:) led the gains, soaring more than 22% in premarket trading. The jump came after the Bitcoin miner closed 12.8% higher on Thursday, boosted by a strong FQ1 earnings report.
Other crypto mining companies Riot Platforms (NASDAQ:) and Marathon Digital (NASDAQ:) also took off, surging around 9.2% and 10.7% respectively.
Meanwhile, crypto exchange Coinbase (NASDAQ:) advanced more than 6%, while Michael Saylor’s MicroStrategy (MSTR) rose 6.6%.
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