peshkov/iStock via Getty Images
Bitcoin (BTC-USD) pared some recent losses in Thursday morning trading, retaking $43K, a move that drove up a number of crypto-exposed stocks.
The biggest and oldest token (BTC-USD) advanced 2.7% to $43.4K at 9:17 a.m. ET, after falling to as low as $41K in the previous session, when investors perhaps hedged against the possibility of a non-approval decision by the U.S. Securities and Exchange Commission of a spot bitcoin exchange-traded fund that is due next week.
Other major coins changed hands in the green, too, including ethereum (ETH-USD) +1.9%, cardano (ADA-USD) +2.9%, solana (SOL-USD) +3.3% and avalanche (AVAX-USD) +3.2%.
Crypto-related stocks, which also fell alongside BTC Wednesday, perked up in premarket trading: MicroStrategy (MSTR) +1.7%, Marathon Digital (MARA) +2.7%, Coinbase Global (COIN) +1.1% and Riot Platforms (RIOT) +1.9%.
Note that MARA posted record bitcoin production numbers for December. Other BTC miners this week will start to publish their stats for last month.
This news is republished from another source. You can check the original article here