Hut 8 is trading at $96.00 (+4.98%) in pre-market as it rebounds from a sharp selloff on July 16 and a soft close on July 17.
- The move aligns with a broader risk-on tone in U.S. futures, with Nasdaq-100 and Nasdaq Composite futures both up 0.67%.
- The price action appears driven by market sentiment rather than crypto-specific catalysts, as Bitcoin is trading slightly lower and Ethereum is only modestly higher.