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Bitcoin bulls are fighting to break on Friday what’s been a consistent pattern of sell pressure during U.S. hours.
Dipping below $85,000 late on Thursday afternoon, BTC once again climbed after U.S. markets closed, pushing back above $89,000 they opened Friday morning. That level, though, has roughly capped every attempt of a breakout throughout the week, with sellers hammering prices back to square one — sometimes within minutes and sometimes over the course of a few hours.
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The largest crypto for the moment is holding fairly steady ahead of the pre-holiday weekend, trading at $88,400, up 0.3% over the past 24 hours.
Ether bounced to just shy of $3,000, up 1% over the past day, while Solana’s SOL and lead the overnight rebound among altcoins.
CoinDesk 20 performance from Thursday’s U.S. equity market close. (CoinDesk)
U.S. equities are having another strong session, led by the Nasdaq’s 1% gain, with AI bellwethers Nvidia, Oracle and AMD rising 3%-6%.
Read more: Oracle TikTok deal lifts AI mining stocks
Digital asset-related stocks followed suit in the rebound. Ethereum treasury firm BitMine (BMNR) advanced almost 8%, while Galaxy Digital (GLXY) and stablecoin issuer Circle (CRCL) were each up around 3%.
Strategy (MSTR), the largest corporate BTC holder, also bounced more than 3%, pushing its multiple to net asset value (mNAV) to 1.09.
Meanwhile, BitDigital (BTBT) is up 10% following news related to WhiteFibre (WYFI), has signed a 10-year, 40MW colocation agreement with Nscale, valued at approximately $865 million. BitDigial owns roughly 70% of WhiteFibre (itself ahead 11%), amplifying the positive impact on BTBT shares.