Crypto Equities Move Higher Pre-Market, But There’s a Twist

Crypto-related equities jumped in pre-market trading, led by AI-linked stocks like Galaxy Digital, IREN, and Cipher Mining, as Bitcoin rallied above $106,000, reclaiming its 365-day moving average support near $102,444. However, the positive momentum is tempered by a small Chicago Mercantile Exchange (CME) gap forming around $104,170 from weekend trading, which historically suggests a potential short-term price retracement to fill the gap. This broader bullish sentiment is supported by expectations that the U.S. government shutdown might end soon. Pure Bitcoin treasury plays, including MicroStrategy (MSTR) and Metaplanet (3350), also saw gains, while traditional markets showed gold rising and the U.S. dollar index hovering near 100.

(Source：CoinDesk)