Bitcoin surged past the $90,000 mark, igniting a rally in crypto-linked stocks. Hut 8 Mining Corp (HUT) saw a significant increase, climbing 14.4% to $42, while Coinbase Global Inc (COIN) rose 2.27% to $258. The price jump was driven by a 2.8% hourly increase in Bitcoin, amid speculation about Federal Reserve policy and the potential appointment of Chris Waller as a dovish successor to Jerome Powell.
The rally extended to other cryptocurrencies, with Ethereum and XRP also posting gains, contributing to the broader market upswing. This surge reflects growing investor optimism in the crypto sector, as market participants react to potential shifts in U.S. monetary policy.
Bitcoin Breaks $90,000, Boosting Crypto Stocks
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