Bitcoin jumps to three-week high, lifting crypto-tied stocks

seekingalpha09-17

Bitcoin (BTC-USD) climbed to its highest level in three weeks in Tuesday late morning trading, driving a notable uptick in stocks linked to the cryptocurrency sector. Following what was a quiet start ...

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Following what was a quiet start ...</p>\n\n<a href=\"https://seekingalpha.com/news/4150380-bitcoin-jumps-to-three-week-high-lifting-crypto-tied-stocks\">Source Link</a>\n\n</div>\n","source":"seekingalpha","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bitcoin jumps to three-week high, lifting crypto-tied stocks</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBitcoin jumps to three-week high, lifting crypto-tied stocks\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-09-17 23:54 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/4150380-bitcoin-jumps-to-three-week-high-lifting-crypto-tied-stocks><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Bitcoin (BTC-USD) climbed to its highest level in three weeks in Tuesday late morning trading, driving a notable uptick in stocks linked to the cryptocurrency sector. 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Following what was a quiet start to the week, bitcoin (BTC-USD) gapped up 5.6% to $61.1K at 11:55 a.m. ET. Similarly, ether (ETH-USD) advanced 4.2% to $2.38K. Among the biggest crypto gainers include celestia (TIA-USD) +15.7%, immutable x (IMX-USD) +14.8%, near (NEAR-USD) +9%, uniswap (UNI-USD) +8.9% and sui (SUI-USD) +8.1%. The rise in token prices comes just one day before the Federal Reserve's policymaking arm is expected to lower rates for the first time in four years, with inflation largely contained and the labor market gradually cooling. Lower borrowing costs are generally positive for cryptos because they can reduce the appeal of traditional savings and investment vehicles, leading investors to seek higher returns in riskier asset classes like crypto. Shares of crypto-focused firms were trading largely in the green at the time of writing, though the gains were less pronounced than that of tokens. Michael Saylor's MicroStrategy (MSTR) gained 0.6%, crypto exchange Coinbase Global (COIN) drove up 3% and crypto investment firm Galaxy Digital (OTCPK:BRPHF) climbed 5.4%. Bitcoin miners Riot Platforms (RIOT) +2.4%, MARA Holdings (MARA) +1.9%, HIVE Digital (HIVE) +4.3%, Bit Digital (BTBT) +13%, Hut 8 (HUT) +6.6% and CleanSpark (CLSK) +3.1% also caught a bid. 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