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Crypto

Crypto Stocks Soar on Bitcoin Rally, Risk Appetite Boosted

Guavy AI Editorial Team
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BTC
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Bitcoin's recent rally has spilled over into publicly traded companies with direct exposure to digital assets, sending crypto stocks soaring.

Certain long-dated bond buybacks announced by the US Treasury supported liquidity in the market and bolstered risk appetite, contributing to the surge. Bitcoin miner Canaan led the charge, rising more than 25% on Friday.

Other companies with significant holdings of Bitcoin also saw gains, including MARA Holdings, Strive, and Metaplanet. The latter has recently expanded its Bitcoin treasury strategy through an acquisition.

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