Stock Track | Bit Digital Soars 5.19% Pre-Market as Bitcoin Nears $100,000 on Hopes of Crypto-Friendly Trump Policies

Stock Track11-21

Bit Digital, Inc. (BTBT) saw its stock soar 5.19% in the pre-market session on Thursday, riding the wave of crypto optimism as Bitcoin closed in on the historic $100,000 level.

The surge in BTBT's share price was fueled by optimism that President-elect Donald Trump's support for cryptocurrencies heralds a boom, as the U.S. pivots towards more crypto-friendly regulations. Bitcoin, the largest digital asset, rose as much as 6% to a record $98,396 on Thursday, adding to gains of approximately $900 billion since Trump's election victory on November 5.

As a leading Bitcoin mining company, Bit Digital has benefited from the rally in Bitcoin and crypto stocks. Crypto mining stocks like Marathon Digital, MicroStrategy, and CleanSpark also saw significant pre-market gains, buoyed by the positive market sentiment.

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