Key Takeaways
Bitcoin ( BTCUSD ) hit a new record high of more than $111,800 around midnight ET Thursday, lifting shares of cryptocurrency-related firms.
The price of bitcoin, which surpassed $110,000 for the first time Wednesday, was recently trading just below $110,000.
Shares of mining companies MARA Holdings ( MARA ) and Riot Platforms ( RIOT ) were up 4.4% and 3.3%, respectively, an hour before the opening bell Thursday. Shares of cryptocurrency exchange Coinbase Global ( COIN ) were up about 2%, while those of Strategy ( MSTR ), the largest corporate holder of bitcoin, rose 1.6%.
The surge has come amid a busy week of crypto news . The Senate on Monday voted to advance a bill that establishes a regulatory framework for stablecoins, and JPMorgan Chase ( JPM ) CEO Jamie Dimon, a longtime crypto skeptic, said the bank would allow clients to buy bitcoin .
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