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Crypto

Bitcoin Breakthrough Boosts Crypto-Linked Stocks

Guavy AI Editorial Team
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BTC
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The cryptocurrency market saw a significant rebound on Thursday, with Bitcoin reclaiming the $80,000 level and several crypto-linked stocks surging as a result.

Strategy Inc. (formerly MicroStrategy) MSTR shares gained over 15%, while Coinbase Global Inc. COIN stock rose more than 10% to trade above $193.

The rally came alongside lower Treasury yields and a weaker dollar, with Federal Reserve Governor Christopher Waller indicating that he is inclined to support holding interest rates steady.

This move eased concerns over tighter monetary policy and improved risk appetite in the market, allowing crypto-linked stocks to rebound.

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