Bitcoin's Historic Milestone

In a groundbreaking move, Bitcoin, the world's leading cryptocurrency, surpassed the $100,000 mark, igniting a surge in crypto-related stocks during Thursday's premarket session in New York.

The rise in Bitcoin's value is largely attributed to President-elect Donald Trump's decision to appoint crypto advocate Paul Atkins as the head of the Securities and Exchange Commission (SEC). This strategic move is seen as a significant boost for the cryptocurrency market.

Market Reactions

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

Notably, MicroStrategy Inc., which currently holds over 400,000 Bitcoin, saw its stock price escalate by 5.80%, hitting $429.40. Meanwhile, MARA Holdings Inc., a digital asset miner, jumped 5.97% to $27.5 per share, reflecting the overall bullish sentiment in the market.