Reported about 6 hours ago
Cryptocurrency-related stocks saw a significant rise in premarket trading, particularly those linked to ether, which recently peaked at a six-month high. Notably, BitMine Immersion Technologies, with substantial ether holdings, saw its shares jump by 14%, while other companies like Bit Digital and BTCS also experienced gains. The surge in ether's value, driven by its increasing use in stablecoin transactions, highlights Ethereum's strong position in the market, further bolstered by a new regulatory framework for stablecoins passed by the U.S. House.
Source: YAHOO