Crypto stocks gain as bitcoin nears $100,000
ReutersMay 8, 2025 11:38 AM
Shares of cryptocurrency and blockchain-related firms gain premarket, tracking bitcoin rise to a 2-1/2 month high
Bitcoin BTC=, world's biggest cryptocurrency, up 2.9% to $99,519 after climbing as high as $99,875
Ether ETH= lifts 8.4% to $1,949
Crypto exchange Coinbase Global COIN.O up 4%, and BTC stockpiler Strategy MSTR.O, formerly known as MicroStrategy, up 5% before the bell
Retail trading platform Robinhood HOOD.O up >2%
Crypto miners up premarket: Riot Platforms RIOT.O 5%, Mara Holdings MARA.O 5%, Cleanspark CLSK.O >4%, Bit Digital BTBT.O 4.5%
ProShares Bitcoin Strategy ETF BITO.P and iShares Bitcoin Trust ETF IBIT.O both up 3.5%
YTD, BTC up ~6% and has rallied ~33% from its 2025 low of $74,446 hit about a month ago
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