Crypto Stocks Jump As Bitcoin Rises to $118K; Upexi up 13%; BTCS up 9%; Bit Digital up 8%; Sharplink Gaming up 7%

Tiger Newspress

07-11

Crypto stocks jumped in premarket trading on Friday.

Upexi rose 13%; BTCS rose 9%; Bit Digital up 8%; Sharplink Gaming rose 7%; Bitfarms up 6%; Canaan, Riot Platforms, MARA rose 4%; Strategy up 3%; Coinbase up 2%.

Bitcoin rallied to an all-time high on Friday, powered by demand from institutional investors and crypto-friendly policies from U.S. President Donald Trump's administration. Bitcoin broke through $11,800, hitting a new all-time high with a 24-hour price increase of 6.25%.

"Bitcoin's new all-time high is being driven by relentless institutional accumulation - major players are scooping up supply and drying up liquidity on exchanges," said Joshua Chu, co-chair of the Hong Kong Web3 Association.

In March, Trump signed an executive order to establish a strategic reserve of cryptocurrencies. He has also appointed several crypto-friendly individuals, including Securities and Exchange Commission Chair Paul Atkins and White House artificial intelligence czar David Sacks.

Trump's family businesses have also made forays into cryptocurrencies. Trump Media & Technology is looking to launch an exchange-traded fund to invest in multiple crypto tokens including Bitcoin, an SEC filing on Tuesday showed.

Ether, the world's second-largest cryptocurrency, similarly jumped nearly 7% to $2,996.

免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。

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