Bitcoin Surge Boosts The9 Limited (NCTY) Pre-Market Trading

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Nov 12, 2024
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The9 Limited (NCTY, Financial), which saw a 6.07% rise recently, is continuing its upward trend in pre-market trading with a 4.15% increase, bringing its price to $9.28. This comes amid a significant rally in Bitcoin, which has reached a record high surpassing $89,000, pushing the overall crypto market value beyond its previous peak during the pandemic.

Since the U.S. elections, Bitcoin has surged approximately 32%, peaking at $89,933. The political landscape is also favorable, with former President Trump's commitment to establishing more crypto-friendly regulations, as the Republican Party strengthens its control over Congress, supporting these policy initiatives.

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I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.