chain-signal Bitcoin Rebound Sparks Rally in Crypto Market, Boosting Stocks and Fueling New Developments
Bitcoin's recent rebound above $71,000 has sent shockwaves throughout the crypto market, lifting related stocks and sparking new developments in the space. Strategy's stock surged 25% on the news, while Russia's largest bank, Sberbank, announced plans to issue crypto-backed loans. Meanwhile, Ondo is working to rebuild prime brokerage on-chain, and a new token, RNBW, debuted with a disappointing start.