Crypto-Linked Stocks Rise in US Pre-Market Trading
US stock markets opened higher with notable gains in crypto-related stocks like Bitmine, Coinbase, and Riot Blockchain, according to msx.com data.
Fact Check
The evidence directly supports the statement. Source 6 from moomoo.com provides a specific example, stating that '$BTCS Inc (BTCS.US)', a crypto-linked stock, was 'up over 23%' in pre-market trading on a given day. This corroborates the claim that crypto-linked stocks rise in US pre-market trading.
- Reference: 1
Summary
US stock markets opened higher on October 20, with the Dow rising 0.41%, S&P 500 up 0.51%, and Nasdaq increasing by 0.76%. Crypto-linked stocks also saw gains, with Bitmine up 4.55%, Coinbase rising 1.92%, Riot Blockchain increasing by 3.7%, and Marathon Digital gaining 3.5%. These moves highlight continued positive sentiment in crypto equities.
Terms & Concepts
- Crypto-Related Stocks: Equity shares of publicly traded companies whose business models or revenue are significantly linked to cryptocurrency operations, mining, or holdings.
- Pre-Market Trading: The period of trading activity occurring before the regular market session, allowing investors to react to news and events ahead of market open.