Crypto Stocks Gain Premarket; SharpLink Gaming up 10%; Upexi up 7%; BTCS up 6%; Circle, Bit Digital up 4%

Tiger Newspress

Jul 10

Crypto stocks gained in premarket trading on Thursday.

SharpLink Gaming rose 10%; Upexi rose 7%; BTCS rose 6%; Circle, Bit Digital rose 4%; Bitfarms rose 2%; TeraWulf, Coinbase rose 1%.

Bitcoin climbed to an all-time high $112,000 late on Wednesday, bolstered by an increased risk appetite and persistent institutional demand as traditional financial market players embraced the world's largest cryptocurrency.

"Bitcoin is the only asset I am aware of where it becomes less risky as it grows in size," wrote Anthony Pompliano, founder and CEO of Professional Capital Management in a letter to investors on Wednesday.

"There were few sophisticated capital allocators who could gain exposure when bitcoin was $100-200 billion market cap. Now that the asset is measured in trillions, almost every capital allocator on the planet can put the exposure on."

The Trump administration's crypto-friendly policies have bolstered digital assets overall, opening pools of capital to the sector.

For instance, Trump Media & Technology Group, run by the U.S. president's family, is looking to launch an exchange-traded fund that will invest in multiple crypto tokens, including bitcoin, ether, solana and ripple, according to a filing with the U.S. markets regulator on Tuesday.

Bitcoin's rally also spread to other cryptocurrencies.

Ether, the second-largest digital currency in terms of market capitalization, also rallied, hitting a one-month high of $2,794.95.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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SharpLink Gaming rose 10%; Upexi rose 7%; BTCS rose 6%; Circle, Bit Digital rose 4%; Bitfarms rose 2%; TeraWulf, Coinbase rose 1%.Bitcoin climbed to an all-time high $112,000 late on Wednesday, bolstered by an increased risk appetite and persistent institutional demand as traditional financial market players embraced the world's largest cryptocurrency.\"Bitcoin is the only asset I am aware of where it becomes less risky as it grows in size,\" wrote Anthony Pompliano, founder and CEO of Professional Capital Management in a letter to investors on Wednesday.\"There were few sophisticated capital allocators who could gain exposure when bitcoin was $100-200 billion market cap. 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