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Crypto

BTC Digital and BitMine Soar as Bitcoin and Ethereum Rally

Guavy AI Editorial Team
Instruments
BTC ETH
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Shares of BTC Digital Ltd. (NASDAQ:BTCT) skyrocketed by over 111% in after-hours trading, while BitMine Immersion Technologies Inc. (NYSE:BMNR) surged 6.47% in extended hours.

The rally follows a sector-wide uptick as Bitcoin (CRYPTO: BTC) traded at $69,334.78 on Wednesday, up 7.84%, with a market cap of $1.4 trillion and 24-hour volume of $51.7 billion.

Ethereum (CRYPTO: ETH) also saw gains, trading at $2,255.12, up 18.11%, with a market cap of $272.1 billion and 24-hour volume of $33.3 billion.

The optimism behind the surge is attributed to the potential passage of the CLARITY Act in September, as well as record short liquidation of $2.74 billion fueled gains across crypto-linked equities.

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Disclaimer: Guavy is a data and market intelligence provider, not an investment adviser. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

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