Why Bitcoin Rallied 11% on Wednesday
The Breakdown
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Introduction
Bitcoin rallied over 11% yesterday, its biggest one-day rally since last September. The S&P 500 and NASDAQ indices only managed moderately positive days,. Both increasing by less than 1%. Cryptocentric equities on the other hand enjoy the tailwind; Coinbase up 17% and Bitcoin miner marathon digital up 18%. Michael Saylor's micro strategy increased by more than 9%.
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Transcript
