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Bitcoin traded below $84,000 on Thursday, reversing earlier gains spurred by cooler inflation data, as persistently high U.S. Treasury yields pressured risk assets. The cryptocurrency was up 0.6% at $83,183.
Strategy Inc. (NASDAQ: MSTR) rises after Canaccord Genuity keeps a Buy rating and raises its price forecast from $130 to $175, while the company also says it raised $2 billion through stock sales and formed a new liquidity pool.