Crypto Stocks Rally as Bitcoin Rises Above $93,000

TigerDec 3, 2025 9:06 AM

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Crypto stocks rallied in premarket trading. American Bitcoin rose 16%; BitMine rose 5%; Bitfarms rose 4%; CleanSpark, SharpLink Gaming, Cipher Mining, IREN, and MARA Holdings rose 3%; Coinbase, Circle, Strategy, and Bullish rose 2%; Robinhood rose 1%.

CleanSpark, Strategy, Cipher Mining, and Bitfarms rose 4%; Hut 8, SharpLink Gaming, IREN, MARA Holdings, Circle, and Coinbase rose 3%; Riot Platforms rose 2%; Robinhood rose 1%.

A sharp rebound for bitcoin helped investors get somewhat in the mood for taking on a bit more risk. The biggest cryptocurrency by market value rose 2% on Wednesday to a two-week high of $93,633.70 after a 6% rise in the previous session.

Bitcoin had slumped at the start of December after a woeful November when it fell more than $18,000 as a record amount of money rushed out of the market, its largest dollar loss since May 2021, when a number of cryptocurrencies collapsed.

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