Bitcoin Rallies Over $82,000 - And Brings BTC-Related Stocks With It
Bitcoin Magazine
Bitcoin Rallies Over $82,000 โ And Brings BTC-Related Stocks With It
Bitcoin surged on Thursday โ but industry-related stocks rose even quicker as a rally that started weeks ago again picked up steam.
The price of the biggest cryptocurrency hit as high as $81,282 on Thursday morning in New York, a nearly 3% increase over a 24-hour period.
Over the past 30 days, the bitcoin price has surged over 23% following both positive regulatory news and announcements from the U.S. Treasury Department regarding debt buybacks.
But other major crypto company stocks rose quicker. Bitcoin treasury Strategy (NASDAQ: MSTR) was trading more than 13% higher on Thursday. The company on Monday resumed bitcoin buys after a 10-week pause to reshuffle its cash balance sheet.ย
Americaโs biggest crypto exchange, Coinbase, also saw its stock shoot up. Nasdaq-listed COIN was trading 11% higher in the same time period.
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