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Crypto

Crypto Stocks Soar as Bitcoin Nears $80,000 Mark

Guavy AI Editorial Team
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BTC
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Crypto stocks have surged as Bitcoin approached $80,000 in early trading on Friday. The cryptocurrency rose over 9% and reached its highest level since mid-May.

This boost has positively affected various blockchain-related stocks. Coinbase Global gained 5%, while Strategy added the same percentage. Retail trading platform Robinhood Markets jumped more than 7%.

Cryptocurrency mining companies also experienced significant growth. Riot Platforms Inc rose 4%, Mara Holdings increased 4%, Bit Digital climbed 3%, and Hut 8 advanced 5%. Bitcoin mining machine maker Canaan surged 18%, while stablecoin issuer Circle Internet gained 7%

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