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Crypto

Crypto-Linked Stocks Defy Bitcoin Downturn Amid Antitrust Approvals

Guavy AI Editorial Team
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BTC
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Crypto-linked stocks edged higher in pre-market trade despite Bitcoin's dip and price target cuts. Clear Street lowered its price targets on Circle (CRCL) and Coinbase (COIN), but maintained 'Buy' ratings for both companies.

The bull run comes after antitrust approvals for Bullish's $4.2 billion acquisition of Equiniti, as well as Cathie Wood's ARK Invest adding more CRCL shares to its exchange-traded funds.

Circle's stock gained over 1% despite the price target cut, while retail sentiment on Stocktwits remained bearish around the company.

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