Cryptocurrency stocks rose in pre-market trading on Friday, tracking forceful gains in Bitcoin (BTC).

The world’s largest crypto asset is up over 4.7% in the past 24 hours, trading at $67,346.0 at 09:49 GMT.

The rally allowed BTC to recoup some of its losses from earlier this week as cryptocurrency markets focused on Republican presidential candidate Donald Trump’s speech at the Bitcoin Conference this weekend.

The positive sentiment spilled over into cryptocurrency stocks, with MicroStrategy (MSTR) and MARA (MARA) up more than 5% and 6%, respectively.

Similarly, Riot Platforms (NASDAQ:) gained 6%, Coinbase (NASDAQ:) rose 5%, and Cipher Mining (NASDAQ:) rose 7%.

Former President Trump is scheduled to deliver the opening keynote address at the Bitcoin Conference in Nashville on Saturday.

Trump has recently taken a pro-crypto stance in his campaign, and traders will be eager to see if he continues that rhetoric during his speech. They also hope he will outline plans for clearer regulation of the U.S. cryptocurrency industry.

Bitcoin has surged in the past week amid speculation about a potential Trump presidency, especially after it gained ratings following the failed assassination attempt. Expectations are also rising that the Federal Reserve will cut interest rates in September.

But in most cases, the leading cryptocurrency has faced significant selling pressure in recent weeks as investors have been moving away from risk-on assets in global financial markets. This trend has hit the highly speculative cryptocurrency sector particularly strenuous.

The market pressure was partly driven by ongoing repayments to creditors of Mt. Gox, a former cryptocurrency exchange that filed for bankruptcy nearly a decade ago.