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Cryptocurrencies rose on Thursday as major stock indices closed at record highs, spurred by softer‑than‑expected Ethereum posted a stronger advance, climbing above $1,700 before moving into a sideways consolidation.
Shares of cryptocurrency‑linked companies rose, with Strategy Inc. (NASDAQ:MSTR) up 7.90% and Bitmine Immersion Technologies Inc. (NYSE:BMNR) gaining 1.48%.
Approximately $460 million of crypto positions were liquidated over the past 24 hours, mainly short bets.
Dow Closes At New Record
Major indices recovered on Thursday following a short lull. The Dow Jones Industrial Average jumped 594.83 points, or 1.14%, closing at a record 52,900.07. The S&P 500 inched up to 7,483.24, while the tech‑heavy Nasdaq Composite fell 0.8% to finish at 25,832.67.
