Bitcoin, Bull Market
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U.S. stocks rose Friday as a surging bitcoin and resilient crypto stocks helped lift sentiment.
Crypto markets extended their sharp rebound on Aug. 20, with the total market capitalization climbing more than 5% to about $2.5 trillion as Bitcoin (BTC), Ether (ETH), and XRP moved higher.
Coinbase stock is back in breakout territory. COIN price jumped 8.2% to $186.49 as Bitcoin (BTC) ripped above $77,000 and Ethereum extended its sharp
If the stock market is up, bitcoin usually is too. But this year has been different.
Treasury Secretary Scott Bessent wanted to rescue the bond market but instead catalyzed a move higher for bitcoin. The intervention seemed to work better as a debasement signal than a bond trade. Long yields gave back half their drop within a day while bitcoin and gold moved higher.
Tom Lee ranked 17 crypto stocks. Bitcoin miners barely track bitcoin, so check what your stock actually follows.
Bitcoin price correction risks grow after a $15K rally as whale selling, overbought RSI readings and rising greed test support near $76,000 this week
Bitcoin bounced and global stocks clawed back some of their recent losses on Friday as investors assessed the US Treasury's efforts to push down long-term borrowing costs.