Bitcoin rises more than 5% back above $80,000
Bitcoin climbs over 5% to $80,410, helped by easing oil and long-term Treasury yields, plus roughly $154 million of daily U.S. spot ETF inflows and short-covering.
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Bitcoin climbs over 5% to $80,410, helped by easing oil and long-term Treasury yields, plus roughly $154 million of daily U.S. spot ETF inflows and short-covering.
CleanSpark shares climbed more than 7% after bitcoin rebounded toward $79,000, lifting crypto mining stocks. The company also said construction is progressing at its Sandersville data center campus and reported August production of 593 bitcoin.
Netflix Inc. shares are rising after Wolfe Research kept an Outperform rating and raised its price target to $95 from $84, saying engagement concerns are overblown.
Bitcoin rises 25% over seven days, with Benjamin Cowen pointing to the $80,000 to $81,000 50-week moving average as the key test while whale activity remains near lows.