Bitcoin Soars Past $82,000 as Regulatory Favouritism Boosts Market

Bitcoin has surged to over $82,000 in value, marking a nearly 3% increase over the past 24 hours. This rally follows a trend that started weeks ago and shows no signs of slowing down.

The price of Bitcoin has risen by over 23% in the past 30 days, driven by both positive regulatory news and announcements from the U.S. Treasury Department regarding debt buybacks.

Bitcoin treasury Strategy (NASDAQ: MSTR) was trading more than 13% higher on Thursday after resuming bitcoin buys following a 10-week pause to reshuffle its cash balance sheet.

Coinbase, America's biggest crypto exchange, saw its stock shoot up by 11%, while top public bitcoin mining companies like HIVE Digital and MARA Holdings also experienced significant gains.