Market News
Ether-linked stocks jump as crypto coin hits 6-month high - REUTERS
July 18 (Reuters) - Cryptocurrency-related stocks rose in premarket trading on Friday, with shares linked to ether leading the charge after the No. 2 crypto hit a six-month high.
Shares of BitMine Immersion Technologies (BMNR.A), which holds about $1 billion worth of ether, soared 14%. Other ether holding firms Bit Digital (BTBT.O) and BTCS (BTCS.O) added 4% and 12.5%, respectively.
Ether climbed to $3,675.81, its highest since January 6, and was last up 5% at $3,601.40, outperforming bitcoin , which eased 0.7% to $118,961 after hitting a record high of $123,153 this week.
