Crypto Shares Gained in Morning Trading, With Marathon Digital Rising 8%

Tiger Newspress2023-12-01

Crypto shares gained in premarket trading.

Marathon Digital, Bit Digital rose over 8%; Riot Blockchain rose over 7%; MicroStrategy, The9 rose over 5%; Coinbase rose over 4%.

Bitcoin soared to its highest price so far this year, as investors took on more risk ahead of comments from Federal Reserve Chair Jerome Powell which could give guidance on whether the US is closer to lowering interest rates.

The world’s largest cryptocurrency rallied as much as 2.87% to a high of $38,834 on Friday. Bitcoin’s jump constitutes the token’s highest value since May 5 last year, just before the collapse of the TerraUSD stablecoin ecosystem rocked the sector and began a steady decline in asset prices.

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georg3
2023-12-02
georg3
Still to risk for me

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