SOS Stock Increases Over 12% Pre-Market: Why It Happened

By Amit Chowdhry ● Jul 26, 2021
  • The stock price of Sos Ltd (NYSE: SOS) increased by over 12% pre-market. This is why it happened.

The stock price of Sos Ltd (NYSE: SOS) increased by over 12% pre-market. Investors are responding positively to the price of Bitcoin increasing. SOS is known as an emerging blockchain-based and big data-driven marketing and solutions company that has been heavily focused on setting up crypto mining rigs.

As of 4:45 AM ET today, the prices of bitcoin, ethereum, and dogecoin all increased over 7% over the past 24 hours. Bitcoin hit a new six-week high price of $38,680 as of this morning. 

One of the reasons why the price of bitcoin is increasing is due to rumors that Amazon could begin accepting the cryptocurrency at the end of this year.

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.