Bitcoin back above $81,000 as crypto stocks post best session in months
- —BTC trades at $81,237, up 5.6% on the week
- —Market cap returned to $2.8 trillion, altcoins to $1.23 trillion
- —COIN +11.7%, MSTR +16.4%, HOOD +9.1%, CRCL +7.9% on Friday
- —HYPE hit a new high above $94, NEAR +52.6% on the week
Why it matters: The rally is supported by expectations of gains from tokenized equities after the SEC exclusion, but pressure from 10-year Treasury yields near 5% and a forecast of another 75 bps of Fed tightening remain risks.
Source: Blockhead