Bitcoin Back Near $83K as Coinbase and Strategy Shares Rebound, Still 34% Below Record
- —Coinbase shares climbed nearly 5%, Strategy added 2.2% premarket
- —BTC rose 1–1.5% over 24 hours after sliding toward $81,000
- —Strategy bought 334 more BTC, holdings now 848,000 coins
- —Morgan Stanley lifted its Coinbase target to $258 from $250; Citizens cut to $280 from $325
Why it matters: The rebound in crypto equities signals returning risk appetite, but BTC must reclaim $85,000–87,000 to confirm a sustained recovery.
Source: Coinpaper