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

29,120 Addresses Investigated in Global Crypto Intelligence Sprint

Operation Lighthouse investigated 29,120 cryptocurrency addresses and digital identifiers while generating 14,300 investigative leads. The Chainalysis-led sprint also surfaced more than 7,700 suspect accounts and identified suspects across 125 countries. Operation Lighthouse Turns Blockchain Data Into Leads Investigators converted months of cryptocurrency data analysis into actionable leads during the Operation Lighthouse sprint…

Operation Lighthouse investigated 29,120 cryptocurrency addresses and digital identifiers while generating 14,300 investigative leads. The Chainalysis-led sprint also surfaced more than 7,700 suspect accounts and identified suspects across 125 countries. Operation Lighthouse Turns Blockchain Data Into Leads Investigators converted months of cryptocurrency data analysis into actionable leads during the Operation Lighthouse sprint…
Read More

Continue Reading
Crypto Currency

Treasury Targets Iran Crypto Sector and $100M Oil Payment Network

The Treasury has opened Iran’s digital asset sector to broader sanctions while targeting a broker accused of processing over $100 million in cryptocurrency for oil sales supporting Iran’s military and its proxies. OFAC Opens Iran’s Digital Asset Sector to Sanctions Foreign crypto businesses now face broader sanctions exposure when dealing with Iran-linked counterparties following the

The Treasury has opened Iran’s digital asset sector to broader sanctions while targeting a broker accused of processing over $100 million in cryptocurrency for oil sales supporting Iran’s military and its proxies. OFAC Opens Iran’s Digital Asset Sector to Sanctions Foreign crypto businesses now face broader sanctions exposure when dealing with Iran-linked counterparties following the [……
Read More

Continue Reading
Crypto Currency

EDX Taps Figure’s YLDS for Collateral, Joining BlackRock in Tokenised Treasury Race

EDX Markets integrates the yield-bearing digital security YLDS, issued by Figure, into its institutional cryptocurrency infrastructure, allowing customers to use it as collateral across the trading and clearing ecosystem. EDX’s offering is a part of an emerging trend rather than a unique concept. BlackRock USD Institutional Digital Liquidity Fund (“BUIDL”) has been accepted as collateral

EDX Markets integrates the yield-bearing digital security YLDS, issued by Figure, into its institutional cryptocurrency infrastructure, allowing customers to use it as collateral across the trading and clearing ecosystem.

EDX’s offering is a part of an emerging trend rather than a unique concept. BlackRock USD Institutional Digital Liquidity Fund (“BUIDL”) has been accepted as collateral on Crypto.com and Deribit since June 2025…
Read More

Continue Reading
Crypto Currency

Breaking: Bitcoin hits $80k for the first time since May as rally continues

Bitcoin extended its rally on Tuesday, hitting the $80,000 psychological level for the first time since May 4. The rally comes as improving liquidity expectations continued to lift the broader cryptocurrency market. Bitcoin has gained nearly 30% in the last week, while Ethereum has risen more than 25% and XRP has advanced almost 30%…

Bitcoin extended its rally on Tuesday, hitting the $80,000 psychological level for the first time since May 4. The rally comes as improving liquidity expectations continued to lift the broader cryptocurrency market. Bitcoin has gained nearly 30% in the last week, while Ethereum has risen more than 25% and XRP has advanced almost 30%…
Read More

Continue Reading