English
Back
Download
Log in to access Online Inquiry
Back to the Top

BTC Digital, BTCS and Other Crypto-Related Stocks Rally on Bitcoin Gains Ahead of Inauguration

avatar
Jerry Kronenberg wrote a column · Jan 18 05:02
Crypto- and blockchain-related stocks like $BTC Digital (BTCT.US)$ and $BTCS Inc (BTCS.US)$ rallied Friday as $Bitcoin (BTC.CC)$ topped $105,000 ahead of the inauguration of President-elect Donald Trump, who's seen as a cryptocurrency fan.
BTCT led the way higher, rising 73.5% to an $8.26 close as Bitcoin gained as much as 5.4% intraday to a $105,938.95 high.
Crypto markets see Trump as a friend, as he's discussed such things as creating a U.S. government cryptocurrency reserve. He's also reportedly expected to unveil an executive order on his first day in office Monday that will declare cryptocurrencies a "national priority."
That sent several crypto- or blockchain-related names rising as of Friday's close, including:
-- $BTCS Inc (BTCS.US)$, rising 33.2% to $3.57
-- $Coincheck Group (CNCK.US)$, which gained 9.8% to $9.82
-- $TeraWulf (WULF.US)$, up 9.4% at $6.40
-- $MARA Holdings (MARA.US)$, ahead 8.8% at $19.91
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only. Read more
5
1
+0
2
Translate
Report
83K Views
Comment
Sign in to post a comment
avatar
Jerry Kronenberg
Director of Financial Content
Former top editor at Seeking Alpha, Fidelity.com, TheStreet.com and UPI.
733
Followers
718
Following
3546
Visitors
Follow
Discussing
Trump 2.0 Era: How will global markets evolve?
🎙️Discussion: 1. How will tariff policies affect the movement of key assets such as U.S. stocks, gold, and Bitcoin? 2. Given this context, Show More