HOOD - Crypto stocks climb in premarket as bitcoin breaks above $50K
Crypto stocks including Marathon Digital (NASDAQ:MARA), +2.3%, Riot Blockchain (NASDAQ:RIOT), Silvergate (NYSE:SI), +2.7%, Bit Digital (NASDAQ:BTBT), +4.1%, and MicroStrategy (NASDAQ:MSTR), +1.8%, are gapping up in premarket trading on Tuesday as bitcoin (BTC-USD +4.9%) overtakes $50K resistance. Ethereum (ETH-USD +3.2%) is also elevated, reaching as high as $3.5K before pulling back some; Binance Coin (BNB-USD +4.6%), Cardano (ADA-USD +1.7%) and Solana (SOL-USD +1.0%) climbs. Recall on Monday that bitcoin (BTC-USD) tested $50K just a week after the digital token bounced off $41K. Specifically, crypto miner HIVE Blockchain Technologies (NASDAQ:HIVE) +3.2% is also edging higher in premarket after the company achieved record net income and gross mining margin in fiscal Q1. Some other crypto-related stocks that tip off Tuesday in the green include: Canaan (NASDAQ:CAN), Hut 8 Mining (NASDAQ:HUT), Bitfarms (NASDAQ:BITF), Robinhood (NASDAQ:HOOD) and BIT Mining (NYSE:BTCM). As digital asset usage and adoption continues to grow in the hands of both retail investors and institutions, wealth managers increasingly suggest crypto for
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Crypto stocks climb in premarket as bitcoin breaks above $50K