Crypto stocks gained in premarket trading. Eightco Holdings rose 39%; Bitfarms rose 4%; IREN and BitMine rose 3%; SharpLink Gaming and Cipher Mining rose 2%; Circle rose 1%; Strategy rose 0.7%.

Eightco Holdings on Monday said its board has approved a share repurchase program of up to $125 million.

The original cryptocurrency rose as much as 3.1% to trade above $90,200 in Asian trading hours on Monday. It later pared those gains to sink back below $88,000 by 9 a.m. in New York. Other cryptocurrencies had also swung, with Ether up as much as 4% to surpass $3,000 before dropping into the red.

The original cryptocurrency rose as much as 3.1% to trade above $90,200 in Asian trading hours on Monday. It later pared those gains to sink back below $88,000 by 9 a.m. in New York. Other cryptocurrencies had also swung, with Ether up as much as 4% to surpass $3,000 before dropping into the red.

In the build up to Christmas, Bitcoin was largely unmoved despite the S&P 500 surging to a record close. The wider crypto space has yet to recover from a weeks-long selloff that began in October with the liquidation of some $19 billion worth of leveraged positions, leaving Bitcoin below where it started 2025.