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Crypto Market Rallies
On Tuesday, major cryptocurrencies rose together with equities after inflation data came in cooler than more than three weeks, and Ethereum neared $1,900 as the broader market surged.
Shares of crypto‑related companies also moved, with Strategy Inc. (NASDAQ:MSTR) and Bitmine Immersion Technologies Inc. (NYSE:BMNR) ending the session down 5.95% and 11.50%, respectively.
In the past 24 hours, more than $350 million was liquidated from the crypto market, primarily affecting bearish short sellers.
Stocks Rally On Soft Inflation Print
Stocks recovered on Monday. The Dow Jones Industrial Average rose 9.63 points, or 0.02%, finishing at 52,508.27. The S&P 500 climbed 0.38% to close at 7,543.59, and the tech‑heavy Nasdaq Composite gained 0.9% to end the day at 26,107.01.
