US Stock Market Update: Bitcoin briefly surpassed $60,000, while MicroStrategy surged over 6%.
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On Wednesday, Bitcoin-related stocks continued to rise. As of the time of writing, Coinbase surged over 4%, MicroStrategy over 6%, Marathon Digital over 5%, and Riot Platforms over 0.8%. Previously, Bitcoin briefly surpassed $60,000. The price of this digital asset has risen by over 15% this week and by 40% year-to-date. The main reasons could be the excitement sparked by a series of Bitcoin spot ETFs trading since January and the upcoming "halving," where the new supply of Bitcoin will be halved, which is typically seen as a catalyst for a significant increase in Bitcoin prices.
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