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Bitcoin reaches the $93,000 mark, with crypto concept stocks and mining stocks rising collectively before the market opens
As Bitcoin prices surged past $92,000 in Monday’s Asian morning session and briefly touched the $93,000 mark, cryptocurrency-related stocks and mining stocks all rose in pre-market trading, with market risk appetite clearly rebounding. The rise in Bitcoin not only boosted sentiment around crypto assets but also drove U.S. tech index futures higher in tandem, with Invesco QQQ futures performing positively in pre-market.
In the Bitcoin-related stock sector, Strategy (MSTR) rose about 3.5% in pre-market to $163. The market expects the company to disclose a new round of Bitcoin holdings later that evening. Previously, Strategy increased its dividend yield to 11%, pushing its perpetual preferred stock STRC price back to nearly $100 at par, further boosting investor confidence. Another company focusing on Bitcoin reserve strategies, Strive (ASST), saw a more significant gain, rising about 12% in pre-market, with its stock approaching the $1 mark.
Bitcoin mining stocks also performed actively, especially those related to artificial intelligence infrastructure concepts. Cipher Mining (CIFR) and IREN (IREN) rose over 10% and 13% respectively last Friday, and continued to rise more than 2% in pre-market on Monday, with prices reaching $17 and $44. Hive Digital (HIVE) gained about 6%, trading at $3. MARA Holdings (MARA) increased 3.5% in pre-market, regaining the $10 level, while Riot Platforms (RIOT) and CleanSpark (CLSK) also rose about 3% in tandem.
On the macro level, geopolitical factors continue to influence global market sentiment. Due to news related to Venezuela and U.S. relations, safe-haven assets gained, with gold rising about 2% and silver nearly 4%. Meanwhile, the U.S. dollar index DXY slightly rebounded, approaching the 99 level.
Overall, Bitcoin’s price breaking through a key range is forming a linked uplift effect for crypto stocks, Bitcoin mining stocks, and related risk assets. If Bitcoin maintains above $90,000, the short-term momentum of crypto-related stocks remains worth continuous market attention.