Part 1 Beginner Why long-term crypto holders borrow against assets instead of selling A strategic guide to liquidity management, capital preservation, and the real tradeoff between selling and borrowing crypto Open guide 
Bitcoin-adjacent stocks boom as BTC surges, other US equities remain flat
Mirroring Bitcoin's upward trend, cryptocurrency-related stocks, including Grayscale Bitcoin Trust (GBTC), Coinbase, and MicroStrategy, have all registered significant gains.
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Quick Take
- In a noteworthy development, Bitcoin has surged past the $31,000 mark. However, in stark contrast, both the Nasdaq and the S&P 500 indexes remained relatively unchanged, further emphasizing Bitcoin's apparent negative correlation with traditional equity markets.
- In addition, companies heavily invested in Bitcoin have also seen a significant uptick. MicroStrategy and Coinbase, both prominent players in the digital currency market, have experienced a 10% increase in their respective stock prices.
- Meanwhile, Bitcoin mining stocks are enjoying a particularly successful period, with significant double-digit gains. Notable gainers in this sector include companies like IREN, MARA, and RIOT.
Market Cap $1.59T
24H Volume $33.48B
