Gemini Stock Is Up Before the Bell. Bitcoin’s Slide Is What Traders Are Really Watching
Gemini Space Station, Inc. shares edged higher before the Nasdaq open on Friday, a small move that stood out against a rougher tape for crypto. The stock was last quoted at $4.62, up 11 cents, while bitcoin extended losses in around-the-clock trading. The move matters because Gemini is still being judged less like a mature exchange and more like a live test of public-market appetite for crypto brokers after the boom. Bitcoin’s latest fall threatens trading volumes, retail demand and the value investors place on crypto-linked stocks.