Crypto Stocks Jump as Bitcoin Hits $80,000 for First Time Since May

Tiger Newspress08-25 22:50

Crypto stocks jumped in morning trading. Gemini Space Station rose 13%; Keel Infrastructure rose 7%; Robinhood and MARA Holdings rose 6%; Bit Digital, CleanSpark, IREN, BitMine, Cipher Mining, and Riot Platforms rose 5%; Circle and Coinbase rose 4%; Strategy rose 3%.

Bitcoin jumped above $80,000 overnight for the first time since in more than three months but quickly fell below the milestone early Tuesday.

The world’s largest cryptocurrency has had a dramatic rise, jumping 23% in the past week. The rally began shortly after the Treasury Department announced plans to increase longer-dated bond buybacks. President Donald Trump’s push for Congress to approve the long-awaited Clarity Act crypto regulation also helped.

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stocks jumped in morning trading. Gemini Space Station rose 13%; Keel Infrastructure rose 7%; Robinhood and MARA Holdings rose 6%; Bit Digital, CleanSpark, IREN, BitMine, Cipher Mining, and Riot Platforms rose 5%; Circle and Coinbase rose 4%; Strategy rose 3%.      Bitcoin jumped above $80,000 overnight for the first time since in more than three months but quickly fell below the milestone early Tuesday.The world’s largest cryptocurrency has had a dramatic rise, jumping 23% in the past week. The rally began shortly after the Treasury Department announced plans to increase longer-dated bond buybacks. 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