The eagerly awaited “Uptober” has finally begun, and excitement is already mounting as the month kicks off.
Bitcoin has surged past the $116,000 threshold, experiencing a 2% increase over the last day and momentarily peaking at $116,600. This upward trend occurs amidst a U.S. government shutdown and unprecedented gold prices hovering around $3,900.
Ether has mirrored this trend by climbing nearly 4% within the same timeframe to reach a trading value of $4,287.
The rise in bitcoin during European trading hours has extended its influence to U.S. crypto stocks, sparking significant pre-market movements. Strive stands out with an impressive 25% jump to $3.15 per share. Strategy is also on an upward trajectory with more than a 2% gain at $328 per share as it remains closely tied to bitcoin’s performance. Bitfarms shows a 3% increase in pre-market activity reaching $2.91 per share while Kindly MD sees a boost of 7%.