Crypto Stocks Leap As Bitcoin Crosses $47,000

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For the first time in almost a month, Bitcoin (BTC) crossed above the $47,000 mark on Friday, pushing crypto-related stocks into the green ahead of the stock market open.

The leading cryptocurrency rose 4.5% in the past 24 hours, sitting at around $47,300 at the time of writing.

As for the cryptocurrency stocks, CleanSpark (NASDAQ:CLSK) led the gains, soaring more than 22% in premarket trading. The jump came after the Bitcoin miner closed 12.8% higher on Thursday, boosted by a strong FQ1 earnings report.

Other crypto mining companies Riot Platforms (NASDAQ:RIOT) and Marathon Digital (NASDAQ:MARA) also took off, surging around 9.2% and 10.7% respectively.

Meanwhile, crypto exchange Coinbase (NASDAQ:COIN) advanced more than 6%, while Michael Saylor’s MicroStrategy (MSTR) rose 6.6%.