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Bitcoin Reclaims $80K, MSTR & BMNR Soar Amid Crypto Volatility

Guavy AI Editorial Team
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MicroStrategy (MSTR) and BitMine Immersion Technologies (BMNR) shares have rebounded sharply as Bitcoin reclaimed $80,000 and Ethereum rose above $2,500. This recovery comes despite a setback for U.S. cryptocurrency legislation.

The Senate's rejection of the Digital Asset Market Clarity Act has left uncertainty around the timing of broader cryptocurrency market-structure legislation, which could impact future crypto legislation.

BitMine operates as an Ethereum treasury company and holds 5,956,378 ETH, worth approximately $15 billion based on current prices. The company also purchased another 27,180 ETH during the latest week.

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