Crypto Stocks Plummet, Bitcoin Surges
Bitcoin & Crypto News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Crypto prices and U.S. stocks soared Thursday as Middle East tensions eased, but crypto firms Circle, Bullish, and Coinbase suffered significant losses. Circle led the decline, dropping nearly ten percent to eighty-five dollars ten cents due to concerns about USDCs profit margins and a high valuation. Bullish also fell, down six point five percent to thirty-six dollars twelve cents, following a downgrade to Neutral due to its premium valuation and weaker crypto trading. Bitcoin, however, surged past seventy-two thousand dollars, its highest in over three weeks, as hopes for de-escalation in the Middle East boosted risk assets.
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