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Cryptocurrencies surge as Bitcoin surpasses $47,000.

Cryptocurrencies surge as Bitcoin surpasses $47,000.- The Hard News Daily

In a significant market movement not seen in nearly four weeks, Bitcoin (BTC) surged past the $47,000 threshold on a recent Friday, igniting a wave of optimism in cryptocurrency-related stocks just before the opening of the stock market.

This leading digital currency experienced a 4.5% increase over the last 24 hours, reaching an approximate value of $47,300 at the point of documentation.

Among the beneficiaries of this upward trend, CleanSpark, a company listed on NASDAQ, stood out with its shares climbing over 22% in pre-market transactions. This rally was a continuation of its positive trajectory from Thursday when it concluded the day 12.8% higher, propelled by an encouraging first-quarter earnings report.

The ripple effect of Bitcoin’s performance was felt across other cryptocurrency mining entities as well. Riot Platforms and Marathon Digital, both trading on NASDAQ, witnessed their stock values ascend by approximately 9.2% and 10.7%, respectively.

In parallel, Coinbase, a prominent cryptocurrency exchange, saw its shares increase by more than 6%. Similarly, MicroStrategy, under the leadership of Michael Saylor, experienced a 6.6% rise in its stock price, further highlighting the broad-based optimism within the sector following Bitcoin’s notable price movement.



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