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Crypto stocks surge as Strategy jumps and bitcoin squeeze lifts peers

Strategy rose 12% and Coinbase gained 9%, with multiple crypto related stocks moving in tandem amid a Bitcoin rebound toward $70K.

Reported · Written up by our desk · Altcoins

Crypto related stocks climbed sharply as Bitcoin’s rally toward $70,000 supported share prices across the sector, according to Decrypt.

Strategy jumped 12% and Coinbase rose 9%, while Circle and BitMine also participated in the move, extending the broader stock momentum linked to the Bitcoin short squeeze.

The report also suggested that, in parallel with crypto market pressure, some companies’ stock moves could be pressuring equity bears tied to the group.

Overall, the gains highlighted how equity performance for crypto names is currently tracking swings in Bitcoin prices.

Latest closeBitcoin $69,558.43 ▲7.5%

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