Bitcoin Surge Sparks Crypto Stock Frenzy: MicroStrategy, Rumble Inc., and Bitdeer on the Rise

3 Crypto Stocks to Watch if Bitcoin Rally Hits $120K ahead of Trump Inauguration

According to FX Empire, the cryptocurrency market is buzzing with excitement as Bitcoin (BTC) recently reached a new all-time high of $104,100. This impressive 50% gain since Donald Trump's re-election has sparked interest in crypto-related stocks such as MicroStrategy (MSTR), Rumble Inc. (RUM), and Bitdeer Technologies Group (BTDR). These companies are poised for significant gains should Bitcoin continue its rally towards the anticipated $120,000 mark before Trump's inauguration on January 20, 2025.

MicroStrategy's aggressive strategy under Executive Chairman Michael Saylor involves weekly acquisitions of Bitcoin. Despite facing challenges from Citron Research's short position due to valuation concerns, MicroStrategy remains resilient. The company's stock price dipped temporarily but recovered after announcing another purchase of 15,000 BTC on December 2. Analysts predict that MSTR could reclaim the $400 mark soon if Bitcoin continues its upward trajectory.

Meanwhile, Rumble Inc., known for its decentralized video-sharing platform ethos, announced a strategic investment by purchasing $20 million worth of Bitcoin aimed at diversifying their treasury holdings. CEO Chris Pavlovski also revealed plans to offer employee salaries in BTC starting next year—an initiative aligning them further within this sector while positioning themselves strategically amidst growing competition among similar platforms globally. Since then, shares have surged over twenty-two percent, reaching nearly nine dollars per share, currently hovering around critical resistance levels near ten dollars which analysts believe may lead even higher given continued bullish sentiment surrounding cryptocurrencies overall right now!

The third company making waves during these exciting times includes none other than Bitdeer Technologies Group, whose recent infrastructure upgrades aim at increasing efficiency, scaling operations across North America and Asia regions alike—all part of efforts anticipating future growth potential driven largely by ongoing demand for mining services worldwide. This follows the latest developments seen throughout the industry lately, including rising profitability margins associated with current trends regarding digital currencies like never before experienced previously. Truly remarkable achievements accomplished here without doubt!

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