Summary
- Crypto-linked stocks were rising in U.S. premarket trading.
- As Bitcoin (BTC) briefly reclaimed the $65,000 level, buying interest flowed into related shares including Strategy (MSTR), up 4.19%%, and Coinbase (COIN), up 1.55%%.
- Crypto-linked stocks are a representative group of shares that react sensitively to Bitcoin price movements, and Bitcoin's move above $65,000 appeared to improve investor sentiment across the sector.
Crypto-linked stocks advanced in U.S. premarket trading as Bitcoin briefly climbed back above $65,000, lifting demand for related shares.
BlockBeats reported on June 22 that Strategy (MSTR) rose 4.19% in U.S. premarket trading.
Coinbase (COIN) gained 1.55%, while Circle (CRCL) added 1.72%. SBET rose 2.27%, and BitMine Immersion Technologies (BMNR) climbed 1.86%.
Crypto-linked stocks are among the share groups most sensitive to moves in Bitcoin prices. With Bitcoin briefly topping $65,000 on the day, investor sentiment across the sector appeared to improve.
Markets attributed the recovery in risk appetite to progress in U.S.-Iran talks and expectations for a normalization of shipping through the Strait of Hormuz.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
