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Crypto

Bitcoin Surges Past $80K, Boosting Strategy and Coinbase Stocks

Guavy AI Editorial Team
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BTC
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Strategy Inc., formerly known as MicroStrategy, and Coinbase Global Inc. saw their stocks surge on Thursday as Bitcoin reclaimed the $80,000 level.

The cryptocurrency market rebounded sharply with Bitcoin climbing nearly 5% over the past 24 hours to $80,982.09.

Strategy's shares gained more than 15%, trading above $142.09, while Coinbase stock rose over 10% to trade above $193.

The rally came alongside lower Treasury yields and a weaker dollar, with Federal Reserve Governor Christopher Waller stating that he is inclined to support holding interest rates steady.

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