Shares in companies exposed to cryptocurrencies rose in premarket U.S. trading on Tuesday

Following a two-week surge in the price of major digital token Bitcoin.

As of 05:47 ET (10:47 GMT), Bitcoin was trading up by 1.29% at $21,128.0, extending its recent winning streak into a fourteenth day.

It is now on course for its longest rally since last November.

The move drove crypto-related stocks higher,

Including exchange platform Coinbase Global Inc (NASDAQ:COIN),

As well as cryptocurrency miners like Hut 8 Mining Corp (NASDAQ:HUT), Bitfarms Ltd (NASDAQ:BITF),

And Marathon Digital Holdings Inc (NASDAQ:MARA).

Investors are now hoping that the decline in Bitcoin seen in 2022 May have bottomed.

Its price fell sharply last year as fears over a spike in inflation fueled a round of central bank policy

Tightening that sparked an exodus from cryptocurrencies, which have increasingly been grouped in with riskier assets like stocks.