Bitcoin Rebounds 5%+ as Risk-On Assets Rise, Sending MicroStrategy and Other Crypto Stocks Higher

Bitcoin rallied some 5% Friday amid apparent renewed enthusiasm for risk-on assets, driving $MicroStrategy (MSTR.US)$ and other crypto-mining stocks higher as well as the sector recouped part of a recent pullback.

BTC gained 5.3% to $68,097.40 shortly before 4 p.m. ET, reportedly taking its cue from a rebound of the $Nasdaq Composite Index (.IXIC.US)$ following weakness earlier in the week.

-- $MicroStrategy (MSTR.US)$, which added 9.1% to $1,752.29

-- $MARA Holdings (MARA.US)$, +5.8% at $21.46

-- $Coinbase (COIN.US)$, up 4.8% at $242.66