Cryptocurrency-exposed stocks extended gains in U.S. premarket trading as Bitcoin smashed through another record. The digital currency is currently trading at around US$22,760, according to a composite of prices compiled by Bloomberg. Premarket stock gains were led by Marathon Patent Group Inc.’s 24 percent rise and Bit Digital Inc., up 16 percent. Cryptocurrency-linked stocks in Asia had jumped earlier, following gains for the U.S. names after Bitcoin’s rise on Wednesday. The world’s largest digital currency has more than tripled in value this year.

Source: The Standard December 18, 2020 02:25 UTC