Bitcoin jumps to eight-month high on U.S. crypto-regulation progress
Bitcoin is up to an eight-month high, supported by progress in U.S. cryptocurrency regulation and broader risk-appetite improvements. The SEC introduced a five-year exemption for platforms that facilitate trading tokenized stocks and other securities, per the report.
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10:23:47 AM UTC
SquawkNews
* U.S.-listed cryptocurrency stocks rally as bitcoin touches more than a seven-month high * Bitcoin, the world's largest cryptocurrency, last up 4.24% at $84,509.1 * Crypto exchange Coinbase Global jumps 4.9%, while bitcoin bull Strategy gains 6.9% * Trading platform Robinhood Markets gains 3.8%, while Webull adds 2.6% * Crypto miners also gain ground: Riot Platforms 4.6%, Mara Holdings 4.9%, Bit Digital 2.9% * Shares of American Bitcoin, backed by two eldest sons of President Trump, surge 7.1% * Stablecoin issuer Circle Internet gains 4.9%, BTC mining machine maker Canaan jumps 6.1% * ProShares Bitcoin Strategy ETF adds 3.9%; iShares Bitcoin Trust ETF rises 4.1% (Reporting by Anand Gopal in Bengaluru) ((AnandGopal.R@thomsonreuters.com)
-listed cryptocurrency stocks advanced as bitcoin reached more than a seven-month high. 1. 9%. 6%.
9%. 1%. 1%. 1%.