Bitcoin surged past $69,000, briefly touching $70,000 for the first time since June, driven by a broad rally in cryptocurrencies including Ether, Solana, XRP, and Dogecoin. The rally was boosted by the US Treasury's plan to double long-dated bond buybacks to $4 billion, improving market liquidity and lowering Treasury yields, which encouraged risk-taking. Additionally, President Trump's call for a clear regulatory framework via the Digital Asset Market Clarity Act further supported the rally. Forced buying from liquidated short positions also amplified Bitcoin's gains, while crypto-related stocks like Coinbase and Circle saw significant rises. The rally marks a shift from earlier August when inflation and interest rate concerns weighed on volatile assets.
Bitcoin surged above $68,000, sparking a 13% rally in crypto-linked stocks like Strategy, Bitmine Immersion Technologies, and Coinbase. The U.S. SEC's proposed "Regulation Crypto Assets" framework is seen as a key catalyst, despite the stalled Clarit...
Retail brokerage stocks like Webull, Robinhood, and Coinbase rose sharply as Bitcoin surged to around $68,500, up 6% in 24 hours. Webull's shares climbed ahead of its Q2 earnings report, expected to show revenue growth despite a slight EPS dip. Robin...
Oak Securities has started coverage of Coinsilium Group Limited with a buy rating and a price target of 4.25p, more than double its current 2p share price. Coinsilium, a Gibraltar-based digital asset venture builder holding 182 Bitcoin, is valued aro...
Strategy's shares dropped 36% year-to-date, underperforming the iShares Bitcoin Trust ETF, as the company paused bitcoin purchases and sold some holdings to fund preferred dividends and build a $4.8 billion dollar reserve. The company holds 840,447 B...
