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.
The cryptocurrency's gains helped some key crypto-related stocks rise as well. As of shortly before 4 p.m. ET, gainers included:
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