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Crypto Stocks Soar; Bitcoin Breaks $84000; CleanSpark Soars 22% After Trading Resumes

Stocks Rise After Best Week of the Year, Tesla Hits $1 Trillion Market Cap, Cryptocurrency Stocks Surge

Stocks rose on Monday following Wall Street's best week of the year. The S&P 500 traded above 6000, with a gain of 4.7%, and the Dow Jones Industrial Average finished with a gain of 4.6%. Tesla jumped 8.4% and reached a market cap above $1 trillion for the first time since April 2022. Cryptocurrency-linked stocks, including Coinbase, MARA Holdings, MicroStrategy, and Robinhood Markets, surged as Bitcoin traded above $82,000. Cigna rose 6.6% after announcing it would not pursue a combination with Humana. AbbVie tumbled 12% after disappointing Phase 2 study results for its schizophrenia treatment. Monday.com declined 19% after reporting a loss in the third quarter. Earnings reports are expected later in the week from various companies.

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The S&P 500 traded above 6000, with a gain of 4.7%, and the Dow Jones Industrial Average finished with a gain of 4.6%. Tesla jumped 8.4% and reached a market cap above $1 trillion for the first time since April 2022. Cryptocurrency-linked stocks, including Coinbase, MARA Holdings, MicroStrategy, and Robinhood Markets, surged as Bitcoin traded above $82,000. Cigna rose 6.6% after announcing it would not pursue a combination with Humana. AbbVie tumbled 12% after disappointing Phase 2 study results for its schizophrenia treatment. Monday.com declined 19% after reporting a loss in the third quarter. Earnings reports are expected later in the week from various companies."}],"images":[],"coverImages":[],"html":"<html><head></head><body><p>Thanks&nbsp;</p></body></html>","htmlText":"<html><head></head><body><p>Thanks&nbsp;</p></body></html>","text":"Thanks","highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/369947949420984","repostId":1189051189,"repostType":2,"repost":{"id":"1189051189","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1731339282,"share":"https://www.laohu8.com/m/news/1189051189?lang=&edition=full","pubTime":"2024-11-11 23:34","market":"us","language":"en","title":"Crypto Stocks Soar; Bitcoin Breaks $84000; CleanSpark Soars 22% After Trading Resumes","url":"https://stock-news.laohu8.com/highlight/detail?id=1189051189","media":"Tiger Newspress","summary":"Bitcoin rallied past $81,000 for the first time, boosted by President-elect Donald Trump’s embrace of digital assets and the prospect of a Congress featuring pro-crypto lawmakers.Trump was declared th","content":"<html><head></head><body><p>Coinbase stock and shares of other crypto-related companies rose on Monday as Bitcoin reached a fresh all-time high of $84,000, last at $83,987.</p><p>Canaan rose 36%; Bit Digital rose 24%; Marathon Digital rose 23%; CleanSpark rose 22%, once trading resumed; Coinbase rose 17%; MicroStrategy rose 16%.</p><p></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/7e7ea7d5814cb7d7c2d2a351308955a4\" title=\"\" tg-width=\"391\" tg-height=\"637\"/></p><p><a href=\"https://laohu8.com/S/CLSK\">CleanSpark, Inc.</a>, a company specializing in bitcoin mining and data center operations, last week clarified the recent trading halt of its stock and warrants on the Nasdaq. 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The halt, which occurred earlier, was due to a clerical error in the calculation of outstanding warrants and the number of shares they represent, rather than any underlying issues with the company&#39;s business or financials.</p><p style=\"text-align: start;\">The error originated from the conversion of warrants issued by GRIID Infrastructure, Inc., which became CleanSpark warrants following CleanSpark&#39;s acquisition of GRIID on October 30, 2024. The warrants were supposed to be adjusted to reflect the merger exchange ratio, but incorrect documentation, including the listing application filed with Nasdaq, led to the miscalculation.</p><p>As a result of the error, the 13,800,000 outstanding warrants were inaccurately represented, when they should have been adjusted to purchase a total of 960,395 shares of CleanSpark&#39;s common stock at an exercise price of $165.24 per full share.</p><p style=\"text-align: start;\"></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BTBT":"Bit Digital, Inc.","BITF":"Bitfarms Ltd.","COIN":"Coinbase Global, Inc.","RIOT":"Riot Platforms","MSTR":"MicroStrategy Incorporated","CLSK":"CleanSpark, Inc.","MARA":"Marathon Digital Holdings Inc"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1189051189","content_text":"Coinbase stock and shares of other crypto-related companies rose on Monday as Bitcoin reached a fresh all-time high of $84,000, last at $83,987.Canaan rose 36%; Bit Digital rose 24%; Marathon Digital rose 23%; CleanSpark rose 22%, once trading resumed; Coinbase rose 17%; MicroStrategy rose 16%.CleanSpark, Inc., a company specializing in bitcoin mining and data center operations, last week clarified the recent trading halt of its stock and warrants on the Nasdaq. The halt, which occurred earlier, was due to a clerical error in the calculation of outstanding warrants and the number of shares they represent, rather than any underlying issues with the company's business or financials.The error originated from the conversion of warrants issued by GRIID Infrastructure, Inc., which became CleanSpark warrants following CleanSpark's acquisition of GRIID on October 30, 2024. 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