Bitcoin's Historic Milestone

On Thursday's premarket session, shares of crypto-related companies in New York experienced a significant surge as Bitcoin, the world's largest cryptocurrency, surpassed the $100,000 mark for the first time.

This monumental achievement appears to be fueled by United States President-elect Donald Trump's decision to nominate crypto advocate Paul Atkins as the head of the Securities and Exchange Commission (SEC).

Market Reactions

Leading the charge, Coinbase Global Inc., a prominent cryptocurrency exchange platform, saw its stock price increase by 3.25%, trading at $341.71 at 6:04 am ET. Similarly, Robinhood Markets Inc. climbed 4.22% to reach $41.69 per share.

MicroStrategy Inc., a company known for its substantial Bitcoin holdings exceeding 400,000, witnessed a 5.80% rise in its stock price, reaching $429.40. Meanwhile, MARA Holdings Inc., a digital asset miner, jumped 5.97% to trade at $27.5 per share.