Crypto Market Recovery Fuels Interest in Key Stocks
The recent relief rally in the crypto market has sparked renewed interest in key stocks, including Strategy (MSTR), Coinbase Global (COIN), and Bitmine Immersion Technologies (BMNR).
MSTR, in particular, has seen a significant increase in its stock price, jumping back to the green zone with a 0.73% surge over the previous day and 3.91% in early trading.
This upward trend is largely driven by the latest momentum in the Bitcoin market, which staged a relief rally today, rebounding 3.4% intraday to the $65,326 zone after dipping near $60,000 amid volatility.
As a result, investors are now expecting the MSTR stock to climb higher as sentiment in the Bitcoin market continues to improve.
Coinbase Global (COIN) is also another crypto stock to watch, considering its strong crypto market activity and recent price jump from $162.03 to $170.52, up 5.24% over the previous day.