Cryptocurrency-linked stocks soared in premarket trading on Friday, mirroring a surge in Bitcoin that surpassed the $46,000 mark.
This bullish sentiment comes amid consistent inflows into select US Bitcoin funds, further fueling optimism in the market.
Bitcoin (BTC-USD), the undisputed leader of cryptocurrencies, gained more than 4% to reach $46,565.26, poised for its fourth consecutive winning session. This positive momentum spilled over to related stocks, with many experiencing significant premarket rallies.
Notable crypto stocks include, CleanSpark (NASDAQ:CLSK), leading the pack with an impressive 18% surge, followed by Cipher Mining Technologies (NASDAQ:CIFR) with an 8% increase. Stronghold Digital Mining (NASDAQ:SDIG) and Marathon Digital Holdings (NASDAQ:MARA) also saw substantial gains of 7%, while Hive Digital Technologies (NASDAQ:HIVE) surged by 6.7%.
Other notable gainers included Bitfarms (NASDAQ:BITF) +7%, Hut 8 Mining (NASDAQ:HUT) +6%, Riot Blockchain (NASDAQ:RIOT) +6.2%, TeraWulf (NASDAQ:WULF) +6.4%, Bitdeer Technologies (NASDAQ:BTDR) +5.3%, MicroStrategy (NASDAQ:MSTR) +4.4%, and Coinbase Global (NASDAQ:COIN) +4.5%.
Meanwhile, Ethereum (ETH-USD) rose 2% to $2,469, and Solana (SOL-USD) jumped 3.5% to $105.39.
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