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Jan 17 - 11:55 AM

Bitcoin - Crypto Stocks Track Bitcoin Higher Ahead Of Trump's Inauguration

By Lisa Mattackal  —  Jan 17 - 09:41 AM

• Shares of cryptocurrency- and blockchain-related companies jump as bitcoin gains over 2%

• Bitcoin , the world's biggest cryptocurrency, last up 2.5% at $102,595

• Bitcoin set for best weekly gain since November ahead of inauguration of Donald Trump as U.S. President on Monday

• Market participants expect a much more favorable regulatory regime for digital assets under Trump, who has promoted bitcoin and nominated a crypto-friendly candidate to head the U.S. Securities and Exchange Commission

• Crypto exchange Coinbase Global rises 5%

• Crypto miners up: Riot Platforms Inc up 5.1%, Marathon Digital up 6.5%, Hut 8 up 5.9%, and Bit Digital up 3.2%

• BTC buyer MicroStrategy rises 5.6%

• iShares Bitcoin Trust ETF up 2.8%

• Bloomberg News reported on Thursday that Trump could issue executive order to designate cryptocurrency as national priority in his first few days in office

• Bitcoin up over 9% this year; has gained 48% since Nov. 5 presidential election

(Reporting by Lisa Mattackal)

Source:
London Stock Exchange Group | Thomson Reuters

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