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Crypto stocks surge as Bitcoin tops $80,000 and Fed-hike bets ease

Crypto-related equities surged Thursday as Bitcoin approached the $80,000 level and traders scaled back expectations for a Federal Reserve rate increase later this month. Strategy jumped 10%; other crypto-linked names also rose 10%.

COINMSTRHOOD

Crypto-related stocks surged Thursday as Bitcoin approached the $80,000 level and traders scaled back expectations for a Federal Reserve rate increase later this month.The crypto strength lifted related equities.

Strategy NASDAQ:MSTR jumped 10%, Galaxy Digital (GLXY) grew 10%, Coinbase Global NASDA…