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Benzinga
Benzinga
Business
Melanie Schaffer

MicroStrategy Stock Surges As Bitcoin, S&P 500 Soar Higher: What To Watch

MicroStrategy Bitcoin MicroStrategy Incorporated Nasdaq Crypto

MicroStrategy Incorporated (NASDAQ:MSTR) was soaring about 16% higher on Tuesday after spending Monday’s trading session consolidating a gap up that took place due to Bitcoin (CRYPTO: BTC) showing strength prior to the stock market opening.

Bitcoin rallied 8% on Monday, and during Tuesday’s 24-hour trading session the crypto began by consolidating with an inside bar pattern before breaking up from Monday’s mother bar.

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