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.