Crypto Currency

Pre-Market Trading in U.S. Crypto Stocks Explodes, With MicroStrategy Topping $300

Markets Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Pre-Market Trading in U.S. Crypto Stocks Explodes, With MicroStrategy Topping $300 As bitcoin climbs above $82,000, U.S. crypto equities are soaring in pre-market trading, with Semler Scientific leading with a 25% gain. By James Van Straten| Edited by Sheldon Reback Updated

Markets

Share this article

X iconX (Twitter)LinkedInFacebookEmail

Pre-Market Trading in U.S. Crypto Stocks Explodes, With MicroStrategy Topping $300

As bitcoin climbs above $82,000, U.S. crypto equities are soaring in pre-market trading, with Semler Scientific leading with a 25% gain.

By James Van Straten|Edited by Sheldon Reback
Updated Nov 11, 2024, 12:38 p.m. UTCPublished Nov 11, 2024, 11:29 a.m. UTC
Crypto stocks are starting the week in a bullish frame of mind. (Delphine Ducaruge /Unsplash)

Crypto stocks are starting the week in a bullish frame of mind. (Delphine Ducaruge /Unsplash)
  • Crypto equities in the U.S. are up more than 10% across the board as bitcoin climbs above $82,000 to a new record.
  • Semler Scientific is leading the pack, with a 25% gain in pre-market trading.
  • MicroStrategy shares climbed above $300.

Disclaimer: The analyst who wrote this piece owns shares of MicroStrategy (MSTR), Riot Platforms (RIOT), Semler Scientific (SMLR) and Marathon Digital Holdings (MARA).

Bitcoin (BTC), the leading token by market capitalization, surpassed $82,000 for the first time in its history over the weekend, spurring price gains in U.S. crypto equities before the official start of trading.

Story continues below
Don’t miss another story.Subscribe to the Crypto for Advisors Newsletter today.See all newsletters

By signing up, you will receive emails about CoinDesk products and you agree to our terms of use and privacy policy.

MicroStrategy, the publicly traded company holding the largest amount of bitcoin, 252,200 BTC, rallied 11% to more than $300 a share. Copycat Semler Scientific surged 25% and is approaching a high for the year. Crypto exchange Coinbase added almost 17%.

MARA (MARA) is leading gains among miners, up almost 20%. The positive price action is helped by the bitcoin held on its balance sheet, which is 26,842 BTC, a level surpassed only MicroStrategy.

Other notable miner performances include Riot Platforms (RIOT), IREN (IREN) and HIVE Digital Technologies (HIVE), all up double digits.

In addition, on Nov. 8, CleanSpark (CLSK) addressed the trading halt that occurred on Nov. 7 due to a clerical warrant conversion error, with the company’s acquisition of GRIID on Oct. 30.

“An issue relating to the calculation of the number of outstanding warrants (Nasdaq: CLSKW) (the “Warrants”) and the number of shares underlying those Warrants. The trading halt is not the result of any issue associated with CleanSpark’s business, operations, filings with the SEC, financial statements or securities,” the fir, said.

UPDATE (Nov. 11, 12:37 UTC): Adds detail on CleanSpark trading halt.

MicroStrategymaraBitcoinEquitiesUSBitcoin Miners
James Van Straten

As the senior analyst at CoinDesk, specializing in Bitcoin and the macro environment. Previously, working as a research analyst at Saidler & Co., a Swiss hedge fund, introduced to on-chain analytics. James specializes in daily monitoring of ETFs, spot, futures volumes, and flows to understand how Bitcoin interacts within the financial system. James holds more than $1,000 worth of bitcoin, MicroStrategy (MSTR) and Semler Scientific (SMLR).

X icon

Picture of CoinDesk author James Van Straten

!–>!–>!–>
Read More

Be the first to write a comment.

Leave a Reply

Your email address will not be published. Required fields are marked *

Crypto Currency

Bitcoin reveals a rare bullish cycle bottom signal before bouncing as futures bears tighten their grip

Bitcoin is flashing its most oversold signal on record amid its continued price struggles in this current macroeconomic environment and persistent exchange-traded fund (ETF) outflows. According to CryptoSlate data, BTC’s price dipped to around $62,700 over the last 24 hours, while its weekly relative strength index (RSI) printed roughly 25.7…

Bitcoin is flashing its most oversold signal on record amid its continued price struggles in this current macroeconomic environment and persistent exchange-traded fund (ETF) outflows. According to CryptoSlate data, BTC’s price dipped to around $62,700 over the last 24 hours, while its weekly relative strength index (RSI) printed roughly 25.7…
Read More

Continue Reading
Crypto Currency

GD Culture (GDC) Shares Surge as Board Approves Bitcoin Sale to Fund $100M Buyback

Bitcoin Magazine GD Culture (GDC) Shares Surge as Board Approves Bitcoin Sale to Fund $100M Buyback Shares of GD Culture Group ( GDC) surged nearly 15% Wednesday after the company’s board approved the sale of its 7,500 bitcoin. This post GD Culture (GDC) Shares Surge as Board Approves Bitcoin Sale to Fund $100M Buyback first

Bitcoin Magazine

GD Culture (GDC) Shares Surge as Board Approves Bitcoin Sale to Fund $100M Buyback
Shares of GD Culture Group ( GDC) surged nearly 15% Wednesday after the company’s board approved the sale of its 7,500 bitcoin.
This post GD Culture (GDC) Shares Surge as Board Approves Bitcoin Sale to Fund $100M Buyback first appeared on Bitcoin Magazine and is written by Micah Zimmerman…
Read More

Continue Reading
Crypto Currency

Uniswap price pops 20% to $4 amid oversold rebound

Uniswap price jumped to above $4 on Wednesday as Bitcoin retested $68,000. The UNI token could eye $5 amid an oversold bounce across crypto. If bulls fail to rally, key support lies around $3.48 and $3.00. Uniswap (UNI) price has surged nearly 20% in recent trading, climbing to intraday highs above $4.00 as top altcoins


Uniswap Coins

  • Uniswap price jumped to above $4 on Wednesday as Bitcoin retested $68,000.
  • The UNI token could eye $5 amid an oversold bounce across crypto.
  • If bulls fail to rally, key support lies around $3.48 and $3.00.

Uniswap (UNI) price has surged nearly 20% in recent trading, climbing to intraday highs above $4.00 as top altcoins retest critical resistance levels.

This rebound aligns with Bitcoin’s spike in the past 24 hours, which sees BTC trade above $68,000 and altcoins, including Ethereum, XRP, and BNB, target oversold bounces above $2,000, $1.50, and $620, respectively.

As with these top altcoins, on-chain data shows Uniswap price ticking up from oversold conditions. Morpho was among the coins to see sharp gains on the day.

Uniswap price pumps to above $4

The sharp decline on February 5, 2026, saw UNI price dump to $3.00, and a subsequent attempt to break higher failed as prices hovered in a range capped at around $3.60.

Overall, weakness in digital assets amid macro headwinds contributed to this outlook.

However, despite risk assets remaining largely bearish, UNI’s uptick to $4.00 amid a 62% spike in daily volume reflects fresh optimism.

Uniswap’s gains in the past 24 hours build on the positive movement that followed BlackRock’s recent strategic purchase of UNI.

The global asset management giant plans to use the tokens to facilitate trading of its BUIDL tokenized Treasury fund via Uniswap.

Data on the market platform Coinglass highlights the improvement in on-chain metrics for UNI.

Open interest is picking up, and funding rates are positive. This suggests recent weakness has provided entry opportunities for buyers.

Bitcoin’s push above $68,000 and Ethereum’s breach of $2,000 may catalyze further gains for small-cap tokens.

What next for UNI price?

Although Uniswap’s price is up by double digits on the day, it remains in the red over the past week, month, and year-to-date.

Uniswap Price Chart
Uniswap price chart by TradingView

Technical indicators also suggest that UNI at $4.00 is below key moving averages, including the 50-day, 100-day, and 200-day SMAs.

Daily RSI at 56, however, signals an extended bounce from oversold territory, and significantly, has room for another leg up before bulls hit overbought extremes.

Meanwhile, the MACD histogram hints at fresh bullish momentum with $3.20 having formed a potential bottom.

Bollinger Bands position UNI above the upper band, which is currently at $3.81.

If prices break above the 50-day SMA, bulls will have eyes

Read More

Continue Reading
Crypto Currency

Strategy (MSTR) Becomes Most-Shorted $25B+ Stock, Shares Surge 8%

Bitcoin Magazine Strategy (MSTR) Becomes Most-Shorted $25B+ Stock, Shares Surge 8% Strategy (MSTR) surged on Wall Street after bitcoin’s rally, despite holding the largest short interest — about 14% of its $41.6 B market cap — among $25 B+ global equities. This post Strategy (MSTR) Becomes Most-Shorted $25B+ Stock…

Bitcoin Magazine

Strategy (MSTR) Becomes Most-Shorted $25B+ Stock, Shares Surge 8%
Strategy (MSTR) surged on Wall Street after bitcoin’s rally, despite holding the largest short interest — about 14% of its $41.6 B market cap — among $25 B+ global equities.
This post Strategy (MSTR) Becomes Most-Shorted $25B+ Stock…
Read More

Continue Reading