Bitcoin Reclaims $80K, Crypto-Linked Stocks Surge Ahead of Jackson Hole

The cryptocurrency market is on high alert as Bitcoin has regained its price above $80,000. This development has triggered a surge in crypto-linked stocks, particularly Michael Saylor-backed MSTR stock, which hit a two-month high with a 12% gain.

Bitcoin's recovery also lifted other major cryptocurrencies such as Solana, Ripple's XRP, and Dogecoin, all of which outperformed Bitcoin. Ethereum, however, remained below the $2,500 level despite its daily gain of around 1%.

The market is eagerly awaiting Kevin Warsh's keynote speech at Jackson Hole, where investors are looking for signs on where monetary policy may be headed next and what that could mean for the cryptocurrency market.