The U.S. stock market's cryptocurrency sector generally rose before the opening bell, with MicroStrategy up about 6.5%

According to The Block, among the major cryptocurrency and blockchain-related stocks traded on Nasdaq, MicroStrategy rose about 6.5% to $224.68, while Coinbase increased by 4.5% to $184.29.

The stock prices of cryptocurrency mining companies also went up; Bitfarms listed on Nasdaq saw its share price rise by 3.8% to $1.92. Riot Platforms increased by 4.6%, Marathon Digital rose by 5% to $16.93, and Hut 8 climbed up by 4.5% to $12.30.The Nasdaq-100 futures index rose by 0.33%.