Bitcoin Surges Amid Crypto Regulatory Boost

Crypto-linked equities led the market charge on Friday, fueled by Bitcoin's price surge and the greenlight from the Securities and Exchange Commission for digital securities trading in the United States.

As a result, companies like Coinbase, Robinhood, and Strategy saw gains of 3-4%, while Securitize skyrocketed 9%.

The Federal Reserve implemented its first interest rate increase in over three years, but market participants remained unfazed, continuing to purchase equities despite monetary tightening.

Netflix shares declined 2.8% after Wells Fargo downgraded the company's rating to Underweight and reduced its price objective from $80 to $57.