Marathon Digital, HIVE Digital Technologies And Other Big Stocks Moving Higher In Tuesday's Pre-Market Session
Portfolio Pulse from Avi Kapoor
Several cryptocurrency-related stocks are experiencing gains in Tuesday's pre-market session, attributed to the strength in Bitcoin. Companies like Marathon Digital Holdings, HIVE Digital Technologies, and others have seen their share prices increase. The overall U.S. stock futures, however, were slightly lower, with Dow Jones futures down about 10 points.
January 02, 2024 | 10:56 am
News sentiment analysis
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POSITIVE IMPACT
Bitfarms Ltd. shares gained 15.1% in pre-market trading, likely influenced by the positive movement in Bitcoin prices.
The increase in Bitfarms Ltd. shares is directly related to the strength in Bitcoin, indicating a positive short-term outlook for the stock.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90
POSITIVE IMPACT
Bit Digital, Inc. gained 14.2% in pre-market trading, amid the broader crypto market rally.
The rise in Bit Digital, Inc.'s stock price is likely a result of the positive sentiment surrounding Bitcoin, indicating a favorable short-term impact.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90
POSITIVE IMPACT
Bitdeer Technologies Group gained 13.6% in pre-market trading, recovering from a 25% fall on Friday.
The pre-market increase for Bitdeer Technologies Group suggests a strong short-term bullish sentiment, likely due to a rebound from the previous session's significant losses.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90
POSITIVE IMPACT
Canaan Inc. rose 14.7% in pre-market trading, buoyed by the positive trend in Bitcoin.
Canaan Inc.'s stock is experiencing a short-term positive impact due to its correlation with Bitcoin's performance.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90
POSITIVE IMPACT
CleanSpark, Inc. gained 13.4% in pre-market trading, amid the broader crypto market rally.
The rise in CleanSpark, Inc.'s stock price is likely a result of the positive sentiment surrounding Bitcoin, indicating a favorable short-term impact.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90
POSITIVE IMPACT
Coinbase Global, Inc. gained 6.2% in pre-market trading, correlating with Bitcoin's strength.
Coinbase Global, Inc.'s stock is experiencing a short-term positive impact due to its direct involvement in the cryptocurrency market, which is currently bullish.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90
POSITIVE IMPACT
HIVE Digital Technologies Ltd. climbed 14.4% in pre-market trading, in line with the strength in Bitcoin.
The pre-market gain for HIVE Digital Technologies Ltd. is a reflection of the current bullish sentiment in the cryptocurrency market, suggesting a positive short-term impact.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90
POSITIVE IMPACT
Hut 8 Corp. gained 13.6% in pre-market trading, supported by the positive momentum in Bitcoin.
Hut 8 Corp.'s stock is experiencing a short-term positive impact due to its correlation with Bitcoin's performance.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90
POSITIVE IMPACT
Iris Energy Limited gained 10.9% in pre-market trading, recovering from a 16% fall on Friday.
The significant pre-market gain for Iris Energy Limited suggests a strong short-term bullish sentiment, likely due to the recovery from the previous session's losses.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90
POSITIVE IMPACT
Marathon Digital Holdings, Inc. shares jumped 14.2% in pre-market trading, correlating with Bitcoin's strength.
Marathon Digital Holdings, Inc.'s stock is likely to see a short-term positive impact due to its association with the cryptocurrency market, which is currently bullish.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90
POSITIVE IMPACT
MicroStrategy Incorporated gained 9.2% in pre-market trading, amid strength in Bitcoin.
MicroStrategy Incorporated's stock is likely to see a short-term positive impact due to its significant Bitcoin holdings and the current bullish sentiment in the cryptocurrency market.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90
POSITIVE IMPACT
Riot Platforms, Inc. surged 11.6% in pre-market trading, in line with the strength in Bitcoin.
The pre-market gain for Riot Platforms, Inc. is a reflection of the current bullish sentiment in the cryptocurrency market, suggesting a positive short-term impact.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90
POSITIVE IMPACT
TeraWulf Inc. shares climbed 22.8% in pre-market trading, recovering from a 20% dip on Friday.
The significant pre-market gain for TeraWulf Inc. suggests a strong short-term bullish sentiment, likely due to the recovery from the previous session's losses.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90