Rise in Bitcoin Price Helps BTC Affiliated Public Firms Catch a Bid

Bitcoin has risen above $79,000, marking a month-over-month gain from below $70,000 and contributing to risk-on sentiment in crypto markets. The rally has lifted shares of Bitcoin-linked public companies: Coinbase (COIN) is trading over 5% higher amid stalled CLARITY Act legislation and ongoing legal challenges in New York, while MicroStrategy (MSTR) — a large corporate Bitcoin holder — is up nearly 10% on the day. The piece notes Bitcoin remains below its ~$90,000 level from the start of the year and that further regulatory clarity (and a possible stablecoin yield in legislation) could boost exchange-traded crypto firms.