BUZZ-Crypto stocks rise as bitcoin climbs for third day

Reuters

10/20

BUZZ-Crypto stocks rise as bitcoin climbs for third day

** Shares of cryptocurrency and blockchain-related companies rise in premarket trading as bitcoin climbs for third day after U.S. President Donald Trump's comments on China trade

** Trump confirmed meeting with Chinese President Xi on Friday, and said, "We're going to do well with China, but we have to get a fair deal"

** Bitcoin BTC=, the world's biggest cryptocurrency, up 1.7% at $1,10,781.71, while ether ETH= rises 0.5% to $4023.08

** Crypto exchange Coinbase Global COIN.O and BTC holder Strategy MSTR.O gain 2.8% and 3%, respectively

** Retail trading platform Robinhood HOOD.O rises 3.2%

** Crypto miners Riot Platforms Inc RIOT.O up 3.5%, MARA Holdings MARA.O up 4.4%, Hut 8 HUT.O up 5.9%, and Bit Digital BTBT.O up 6.9%

** U.S.-listed shares of blockchain farm operator Bitfarms Ltd BITF.O jump 10%; shares tumbled on Friday after above-target capital raise

** BTC up 18.2% YTD, while ETH up 20%

(Reporting by Utkarsh Tushar Hathi in Bengaluru)

((utkarshtushar.hathi@thomsonreuters.com))

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