US Stock Market Move | The concept stock of encrypted currency continued to rise, Strategy (MSTR.US) surged more than 8%.
On Thursday, the concept stocks of cryptocurrencies continued the upward trend from yesterday, rising significantly for two consecutive days.
On Thursday, concept stocks related to cryptocurrencies continued yesterday's gains, rising for two consecutive days. Strategy (MSTR.US) rose by over 8%, Coinbase (COIN.US) by over 6%, and Circle (CRCL.US) by over 8%. On the news front, US non-farm payroll data for June came in well below market expectations. Following the data release, the market quickly repriced the Fed's policy path. Short-term interest rate futures saw a significant rise, indicating a clear decrease in market bets on a Fed interest rate hike. The expected timing for a rate hike has been pushed back from October to December. As of the time of writing, Bitcoin is trading at $61,930, up by 3.04%, and Ethereum's increase is at 5.57%, trading at $1,708.
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