US Stock Market Move | Cryptocurrency-related stocks saw a broad rise, with Strategy (MSTR.US) increasing by over 10%.

On Thursday, U.S. stocks related to cryptocurrency surged in early trading. As of writing, Robinhood (HOOD.US) soared over 14%, Circle (CRCL.US) rose over 13%, Strategy (MSTR.US) gained over 10%, and Coinbase (COIN.US) increased by over 8%. Bitcoin's intraday gains expanded, now nearing $80,000. On the news front, Federal Reserve Governor Waller has signaled a dovish policy stance. He stated that despite U.S. inflation remaining significantly above the Fed's 2% target, recent data indicates that the process of disinflation is re-emerging. If data released in the next two weeks confirms that this trend continues, he is inclined to support the Fed maintaining interest rates at the September meeting.