Bitcoin Topping $11,000 Propels Crypto-Linked Stocks Higher

Bitcoin Topping $11,000 Propels Crypto-Linked Stocks Higher

(Bloomberg) -- Stocks with exposure to bitcoin are rallying in pre-market trading after the cryptocurrency traded above $11,000 for the first time in 15 months.

Crypto-linked securities with pre-market gains include: Grayscale Bitcoin Trust BTC, which is gaining 7.8%; Riot Blockchain Inc., which is up 4.8%, DPW Holdings Inc. which is rising 6.7%, and Marathon Patent Group, up 3.7%.

Read more: Bitcoin Surpasses $11,000 as Memories of Popped Bubble Fade

Some have suggested bitcoin is benefiting from new optimism as Facebook Inc. has decided to push into cryptocurrencies with its new coin, Libra.

©2019 Bloomberg L.P.

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