U.S. Crypto-Related Stocks Rise as Bitcoin Hits Highest Level Since November 2021

On Wednesday, U.S. stocks related to cryptocurrency increased in pre-market trading as bitcoin continued to rise for the fifth consecutive day, reaching over $59,000. The largest cryptocurrency by market value saw a 4.8% increase in 24 hours, bringing it to its highest level since November 2021, but still around 14% below its record high of $69,000. Other crypto assets also saw gains, including Coinbase, MicroStrategy, and BlackRock's bitcoin exchange-traded fund. Marathon Digital and Mawson Infrastructure led the gains among miners, while HUT 8 announced plans to sell its bitcoin stash for corporate growth.