Stocks levered to bitcoin prices are trading sharply higher in pre-market hours as the cryptocurrency has extended its bounce above $18,000 overnight – its highest level in about four weeks. Bit Digital (BTBT) is up 6.3% at $1.05 per share, Riot Blockchain (RIOT) is up 4.7% at $5.62, Marathon Digital (MARA) is up 8.4% at $5.82, MicroStrategy (MSTR) is up 3.8% at $202.15 and Coinbase Global (COIN) is up 3.1% at $45.13. Silvergate Capital is also up 3.0% at $12.55.
Published first on TheFly
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