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Crypto-linked stocks surge as bitcoin breaks through May highs
Source: proactiveinvestors.com
Crypto & Digital AssetsMarket Technicals & FlowsShort Interest & Activism
Bitcoin rose above $86,000 for the first time in eight months, posting its first weekly close above the 50-week moving average in 45 weeks. The technical breakout triggered an estimated $300 million short squeeze and lifted crypto-linked equities, with MicroStrategy gaining as much as 8%.
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