Strategy, Coinbase stocks rally as Bitcoin reclaims $80,000
Market / Price
Strategy Inc. (formerly known as MicroStrategy) MSTR and Coinbase Global Inc. COIN shares surged on Thursday as Bitcoin rebounded above the $80,000 level, lifting several crypto-linked stocks. Strategy shares gained more than 15%, while Coinbase stock rose more than 10% to trade above $193. The broader rally followed a sharp recovery in the cryptocurrency market, with Bitcoin climbing nearly 5% over the past 24 hours to $80,982.09. The move in crypto markets came alongside lower Treasury yields and a weaker dollar. Federal Reserve Governor Christopher Waller's comments that he is inclined to support holding interest rates steady may have further supported speculative assets by easing concerns over tighter monetary policy and improving risk appetite.
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