Bitcoin prices surged to over $68,000 on October 16, reaching their highest level since July. This increase has positively impacted crypto-related stocks, with notable premarket gains reported for several companies. Coinbase Global saw a rise of 2.9%, while Marathon Digital increased by 4%. Other companies also experienced gains, including Bitfarms (up 3.8%), MicroStrategy (up 3%), Riot Platforms (up 2.6%), and Hut 8 Mining (up 2.8%). The ProShares Bitcoin Strategy ETF rose by 0.7%, and the iShares Bitcoin Trust increased by 0.6%. The overall trend indicates a robust rally in the crypto market following Bitcoin's significant price movement.