Crypto
Bitcoin Rally Continues Amid Regulatory Wins
The price of Bitcoin has surged this week to its highest level in months. It recently traded near $78,000 and is on pace for its best week in years, having gained some 20% so far.
Cryptocurrency-related stocks are also seeing significant gains. Shares of MicroStrategy (MSTR), the world's largest corporate holder of Bitcoin, were up about 8%, while Coinbase (COIN) rose more than 9% to become one of the best-performing stocks in the S&P 500.
The rally follows encouraging comments from President Donald Trump and small regulatory wins for the cryptocurrency industry. Analysts at Jefferies remain cautious, however, saying it's 'premature' to declare a new leg up for Bitcoin and other digital assets.