Crypto Stocks Rally as Bitcoin Rebounds Above $36K
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Shares of U.S. crypto companies rose in pre-market trading as bitcoin's price climbed above $36,000 on Thursday.
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Coinbase, MicroStrategy, Marathon Digital, Riot Blockchain and Robinhood all saw their share prices increase.
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The gains come after most of the companies fell on Wednesday. Bitcoin's rally appears to be boosting their prices.
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MicroStrategy, which holds over 158,000 BTC, saw its share price rise almost 5%.
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The gains may also reflect optimism about a spot bitcoin ETF being approved in the U.S. after reports of SEC talks with Grayscale.