Crypto
Bitcoin Rally Lifts US Stocks Amid Best Week Since 2023
US equities advanced on August 20-21, with crypto-linked stocks among the biggest gainers as Bitcoin headed for its best week in more than three years.
The S&P 500 futures rose by 0.5%, despite being on track for its first weekly loss this month. Strategy Inc., Coinbase Global Inc., and Robinhood Markets Inc. rallied in premarket trading, with their stocks lifted by the surge in Bitcoin price towards $77,000.
Chipmakers also climbed during the session, while Europe's Stoxx 600 was poised to dodge its worst run of losses in nearly a decade. The Treasuries trimmed early gains as oil prices fluctuated.