Bitcoin's Historic Milestone

In a groundbreaking move, Bitcoin, the world's leading cryptocurrency, has surpassed the $100,000 threshold, marking a significant milestone in its journey. This surge has had a ripple effect on crypto-related stocks, causing them to rally during Thursday's premarket session in New York.

Impact on Crypto Companies

The decision by United States President-elect Donald Trump to nominate crypto advocate Paul Atkins as the head of the Securities and Exchange Commission (SEC) is believed to have played a crucial role in this unprecedented rise. Among the companies benefiting from this surge are Coinbase Global Inc., which saw a 3.25% increase to trade at $341.71, and Robinhood Markets Inc., which climbed 4.22% to $41.69 per share.

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