TeraWulf Inc. (WULF) stock surged 5.38% in the pre-market trading session on Thursday, December 19, 2024, as crypto stocks rallied amid a broader recovery in the cryptocurrency market.
Bitcoin, the world's largest digital asset, briefly fell below $100,000 after the Federal Reserve signaled a cautious outlook on future interest rate cuts. However, it quickly regained the six-figure level as investors remained optimistic about the long-term prospects of cryptocurrencies.
The positive sentiment in the crypto market spilled over to crypto-related stocks, with TeraWulf Inc. among the top gainers in the pre-market session. The rally came despite concerns over stretched valuations and regulatory uncertainty surrounding the cryptocurrency industry.
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