U.S. crypto-related stocks looked set to start the week on a positive note after bitcoin (BTC) climbed through $72,000 for the first time since mid-March as its reward halving draws closer.
Coinbase (COIN), the only U.S. traded crypto exchange, added 4.9% in pre-market trading, MicroStrategy (MSTR), the largest corporate holder of bitcoin, rose 10% and BlackRock’s bitcoin exchange-traded fund (IBIT), added around 6.5%.
The CoinDesk 20 Index, a measure of the broader crypto market, rose 3.1% over 24 hours.
The halving, which cuts the amount bitcoin miners are paid for adding blocks to the blockchain by 50%, is on track for April 20. After it occurs, they will be rewarded with 3.125 BTC per block.
Among miners, Marathon Digital (MARA) added 5.2% and Hut 8 (HUT), which merged with USBTC at the end of last year, gained 5.6%. Argo Blockchain (ARB), trading on the London Stock Exchange, rose 5%.
Read more: Bitcoin Halving Is a ‘Show Me the Money’ Moment for Miners
More Stories
Crypto Phishing Scams Expected To Surge During Holiday Shopping Season, Warn Experts
Spot BTC ETFs start 4th consecutive week with positive inflows
Memecoin Project Raises Over $1m, Unveils Website Upgrade, and Announces Upcoming Pepetoswap Launch