US Stock Market Move | Bitcoin concept stocks rise against the market trend, Bit Origin Limited (BTOG.US) rose more than 28%

On Friday, Bitcoin concept stocks rose against the market, as of the time of this report, Bit Origin Limited (BTOG.US) surged over 28%, MARA Holdings (Mara.US) rose over 2.9%, SharpLink Gaming (SBET.US) rose over 14%, Upexi (UPXI.US) rose over 9%, Canaan Inc. Sponsored ADR Class A (CAN.US) surged over 4%, GameStop Corp. Class A (GME.US) and MicroStrategy (MSTR.US) both rose over 3%. Bitcoin had previously soared to a historical new high of over $118,000, with betting on a rate cut by the Federal Reserve in September, inflows of funds into spot cryptocurrency exchange-traded funds, and positive regulatory news all being key factors driving this week's rebound, enabling Bitcoin to reach its first historical new high since May.