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

Why It Matters

The move underscores growing bullish sentiment toward crypto assets and associated stocks, but the CME gap introduces a near‑term downside risk that could temper gains. Investors and market participants will watch how the gap resolves, as it may set the tone for crypto equity performance and broader risk appetite.

Summary

Bitcoin surged past $106,000 on Monday, retaking the 365‑day moving average near $102,444, while a CME futures gap around $104,170 hints at a possible short‑term pullback. The rally lifted crypto‑related and AI‑linked equities in pre‑market trading, with Galaxy Digital up 5%, IREN up 7%, Cipher Mining up 5%, MicroStrategy up 3% and Metaplanet up 3%. The upbeat tone is bolstered by expectations that the looming U.S. government shutdown could be resolved this week, even as gold rose 2% and the dollar index hovered around 100.