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Crypto stocks and gold miners sold off after August payrolls blew past estimates.
The jobs beat pushed September Fed hike odds to 60%, sending yields higher and pressuring Bitcoin (bitcoin:native), gold miners ($GDX), Strategy ($MSTR) and Circle ($CRCL).
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CRYPTO STOCKS SURGE AS BITCOIN SHORT SQUEEZE HITS RECORD $2.7B
$MSTR $COIN $HOOD $RIOT $MARA $GLXY
Crypto was only the beginning.
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Crypto stocks. We may be headed full-on to a Snow Crash cyber-punk future with no long-term personal relationships and digital value embedded in all of us directly correlated to the value provided to a society that increasingly devalues humanity. This may be the point in time that needs to be stopped from going forward by some future being. #snowcrash#
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Crypto Stocks Surge As Senate Committee Advances Long-Stalled CLARITY Act
BULLISH: Crypto stocks continue to rally as Bitcoin trades pass 80K level, extending its rebound to more than 25% from its late-June low.
🟢Strategy $MSTR surged 12%
🟢BitMine $BMNR gained 6%
🟢Riot Platforms $RIOT climbed 5%
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Breaking: Crypto stocks are surging today after Jim Cramer says he sold Bitcoin
• MARA Holdings $MARA: +9.5%
• Strategy $MSTR: +7.2%
• Coinbase $COIN: +6.8%
• Circle $CRCL: +6.3%
• Hyperliquid $PURR: +5.9%
• Bitmine $BMNR: +5.0%
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🚨 TOM LEE @FUNDSTRAT: "CRYPTO WINTER IS OVER"
"THIS IS THE FIRST LEG UP"
"INSTITUTIONAL INVESTORS ARE BUYING CRYPTO STOCKS, THAT'S REALLY EVIDENT"
"THEY'RE BETTING ON A BIG 4TH QUARTER"
"$150K BITCOIN POSSIBLE BY END OF YEAR"
$HOOD $COIN $CRCL $BTC
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INSANE RALLY IN CRYPTO STOCKS OVER THE LAST 2 DAYS.
$MSTR up 29%
$COIN up 29%
$MARA up 28%
$BMNR up 22%
JUST IN: 🇺🇸 US crypto stocks over the past 48 hours:
• Robinhood $HOOD: +15%
• Coinbase $COIN: +30%
• Strategy $MSTR: +28%
• Bitmine $BMNR: +22%
• Gemini $GEMI: +28%
• Circle $CRCL: +28%
• $MARA: +33%
• $RIOT: +10%
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