© Reuters
Investing.com – Shares of cryptocurrency-related companies rose in US pre-market trading on Wednesday after surpassing the $59,000 mark, extending the digital asset's rally for the fifth consecutive day.
As of 05:22 ET (10:22 GMT), the price of Bitcoin had risen 4.6% to $59,202.5, putting the world's most popular cryptocurrency within reach of an all-time high of over $68,000. dollars reached in 2021. by more than 16% in the last seven days.
Leading crypto exchange Coinbase (NASDAQ 🙂, as well as crypto miners Marathon Digital (NASDAQ 🙂, Riot Platforms (NASDAQ 🙂), clean spark (NASDAQ 🙂, Cipher Mining (NASDAQ 🙂) and Bit Digital (NASDAQ 🙂) all rose before the opening bell rang in New York.
Bitcoin's stellar performance this year has been driven in part by the recent approval in the United States of exchange-traded funds that directly track the price of the token.
The approvals have attracted a large amount of institutional capital to Bitcoin. However, retail trading volumes have remained relatively low, indicating that faith in the crypto industry has potentially been shaken by a series of high-profile scandals and bankruptcies.
An announcement by MicroStrategy Incorporated (NASDAQ:), the largest corporate holder of Bitcoin, that it had recently purchased 3,000 tokens for about $155 million has also supported the cryptocurrency.
