BUZZ-Crypto stocks track bitcoin higher ahead of Trump's inauguration
Shares of cryptocurrency- and blockchain-related companies jump as bitcoin gains over 2%
Bitcoin BTC=, the world's biggest cryptocurrency, last up 2.5% at $102,595
Bitcoin set for best weekly gain since November ahead of inauguration of Donald Trump as U.S. President on Monday
Market participants expect a much more favorable regulatory regime for digital assets under Trump, who has promoted bitcoin and nominated a crypto-friendly candidate to head the U.S. Securities and Exchange Commission
Crypto exchange Coinbase Global COIN.O rises 5%
Crypto miners up: Riot Platforms Inc RIOT.O up 5.1%, Marathon Digital MARA.O up 6.5%, Hut 8 HUT.O up 5.9%, and Bit Digital BTBT.O up 3.2%
BTC buyer MicroStrategy MSTR.O rises 5.6%
iShares Bitcoin Trust ETF up 2.8%
Bloomberg News reported on Thursday that Trump could issue executive order to designate cryptocurrency as national priority in his first few days in office
Bitcoin up over 9% this year; has gained 48% since Nov. 5 presidential election
(Reporting by Lisa Mattackal)
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