The global digital assets market saw a positive trend on Friday as Bitcoin surged above the $67,000 mark, leading to green indexes across the board. This bullish sentiment was also reflected in the performance of crypto-related equities, with shares of Coinbase Global and MicroStrategy both seeing significant price increases in the pre-market trading session.
Coinbase Global, one of the biggest crypto exchanges in the US, saw its share price jump by over 5% in the pre-market session. The company recently appointed three new directors to its board, expanding the total number of board members to 10. This move indicates the company’s commitment to growth and innovation in the crypto space.
On the other hand, MicroStrategy, a business analytics firm that has been actively investing in Bitcoin, saw its share price climb by 5.26% in the pre-market session. The company has experienced a remarkable 224% surge in its share price over the past 6 months, reflecting the growing interest in Bitcoin as a digital asset.
Marathon Digital, one of the leading Bitcoin mining companies, reported a 6% jump in its share price in the pre-market session. The company recently purchased $100 million worth of Bitcoin and announced plans to adopt a HODL strategy, indicating its confidence in the long-term potential of the digital asset.
The upcoming keynote address by former US President Donald Trump at the Bitcoin Conference 2024 has also generated excitement in the digital assets market. Trump, who has declared himself as a “crypto candidate,” is expected to share his views on cryptocurrencies and their role in the future of finance. This event has fueled optimism among crypto enthusiasts and investors, leading to a positive trend in the market.
Overall, the recent surge in Bitcoin price and the performance of crypto-related equities indicate a growing interest in digital assets among investors. With key players like Coinbase, MicroStrategy, and Marathon Digital making strategic moves in the market, the outlook for the digital assets market remains positive. Trump’s upcoming address at the Bitcoin conference could further boost confidence in the market and attract new investors to the space.
