Crypto stocks leap as Bitcoin (BTC) crosses $47,000

For the first time in almost a month, Bitcoin (BTC) crossed above the $47,000 mark on Friday, pushing crypto-related stocks into the green ahead of the stock market open.

The leading cryptocurrency rose 4.5% in the past 24 hours, sitting at around $47,300 at the time of writing.

As for the cryptocurrency stocks, CleanSpark (NASDAQ: CLSK) led the gains, soaring more than 22% in premarket trading. The jump came after the Bitcoin miner closed 12.8% higher on Thursday, boosted by a strong FQ1 earnings report.

Other crypto mining companies Riot Platforms (NASDAQ: RIOT) and Marathon Digital (NASDAQ: MARA) also took off, surging around 9.2% and 10.7% respectively.

Meanwhile, crypto exchange Coinbase (NASDAQ: COIN) advanced more than 6%, while Michael Saylor’s MicroStrategy (NASDAQ: MSTR) rose 6.6%.

By Vahid Karaahmetovic

You May Also Be Interested In

• SpaceX Shares Indicated To Open At $155
• Analyst sees Bitcoin hitting $227K-$378K amid monetary scarcity, gold flows
• Jefferies sees containerboard tightness creating opportunity in packaging stocks