Stock Track | Bitfarms Ltd. Soars 5.07% in Pre-Market as Bitcoin Nears $100,000 on Trump Pro-Crypto Stance

Stock Track11-21 19:31

Bitfarms Ltd. (BITF) stock surged 5.07% in the pre-market trading session on Thursday, following the lead of Bitcoin which climbed closer to the historic $100,000 level amid growing optimism over President-elect Donald Trump's supportive policies towards cryptocurrencies.

The crypto market as a whole has gained approximately $900 billion since Trump's election win on November 5th. The president-elect's transition team has begun discussions to create a White House post dedicated to digital asset policy, reflecting his intention to establish a friendly regulatory framework for the crypto industry.

Speculators are increasingly focused on when, rather than if, Bitcoin will breach the symbolic $100,000 mark as a rebuttal to skeptics who question the utility of cryptocurrencies. MicroStrategy, the largest publicly traded corporate holder of Bitcoin, announced plans to raise $2.6 billion to fund further purchases of the token, while a group of US Bitcoin ETFs saw a net inflow of $5.8 billion following the election.

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(BITF) stock surged 5.07% in the pre-market trading session on Thursday, following the lead of Bitcoin which climbed closer to the historic $100,000 level amid growing optimism over ...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BITF","symbol_name":"Bitfarms Ltd.","start_time":0,"source_url":"","article_id":"1163117192","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1163117192","pubTimestamp":1732188668,"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Bitfarms Ltd.  stock surged 5.07% in the pre-market trading session on Thursday, following the lead of Bitcoin which climbed closer to the historic $100,000 level amid growing optimism over President-elect Donald Trump's supportive policies towards cryptocurrencies.The crypto market as a whole has gained approximately $900 billion since Trump's election win on November 5th. 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