Crypto equities have increased by over 10% in pre-market trading, with companies like MicroStrategy gaining 12% and approaching a record that would be almost 280% higher year-to-date. Coinbase shares have also risen by 12%, while Bitcoin miners Riot, Marathon, and IREN have each gained over 10%. Metaplanet saw a 24% increase and is now up over 1,100% year-to-date.
This comes after Semler Scientific saw a 30% increase in its share price, reaching $39. André Dragosch, head of research in Europe at Bitwise, believes that the positive stock-market reaction indicates optimism that a more pro-crypto regime will lead to a renewed bull run.