Strategy Climbs 12%, Coinbase Jumps 10% as Bitcoin Tops $80,000
14 Articles
14 Articles
Strategy Climbs 12%, Coinbase Jumps 10% as Bitcoin Tops $80,000
Bitcoin crossing a key threshold triggered a cascade of short liquidations that sent crypto equities flying well past the coin itself, and the regulatory moves happening behind the scenes may be reshaping which of these names deserves the bigger premium.
Coinbase Shares Jump 11.72% as SEC's Tokenized Stock Rule and Bitcoin Rally Fuel Broader Crypto Surge
Coinbase shares rose 11.72% to US$194.36 as bitcoin climbed above US$80,000, while an SEC tokenisation exemption and a new partnership with X boosted investor sentiment.
Key points of the news: Bitcoin rose 6% to a local peak of $81,034 on Friday, causing nearly $250 million in settlement of short cryptocurrencies positions in four hours. WTI bounced to $98 while continuing concerns about Gulf supply, while the performance of the US Treasury to ... Read more
Bitcoin Price Reclaims $80,000; a $183 Million Short Squeeze Explains Part of the Rally
Bitcoin reclaimed $80,000 on Friday in a move that was large enough to force bearish leveraged trades out of the market. At 12:06 p.m. Eastern, Yahoo Finance's BTC-USD feed showed $80,842.86, up $4,492.18, or 5.88%, from its $76,350.68 reference close. The intraday high was $81,096.49. The speed matters as much as the level. Bitcoin moved…
Why Bitcoin hit $80k today hours before bad US data even landed
Bitcoin’s rebound above $80,000 on Sept. 18 extended a technology-led relief rally. The move coincided with yen weakness and followed a return to Bitcoin ETF inflows the previous day. The advance was already underway in European trading, hours before weak US economic figures offered a possible argument against further monetary tightening. At press time, Bitcoin traded at $80,856, up 5.60% over 24 hours. The clearest explanation is a broader reli…
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