#MarketDownturn #BinanceTurns7 $BTC

Bitcoin’s price rose by 5% early on Tuesday, boosting U.S.-listed cryptocurrency stocks as investors set their sights on new ambitious targets for the original cryptocurrency.

The leading cryptocurrency broke the $71,000 barrier in early Asian trading, lifting the broader market just days before the U.S. elections—an event many traders view as a bullish catalyst for crypto regardless of the outcome.

MicroStrategy (MSTR), the world’s largest Bitcoin supporter, saw its shares jump nearly 9% to around $255. Coinbase (COIN), the largest U.S. crypto exchange, also experienced a strong boost, rebounding to $205 after recovering from its August lows.

Crypto mining companies had a positive day as well, with Riot Platforms (RIOT) shares up over 6.7%, Marathon Digital (MARA) shares rising by 4%, and CleanSpark (CLSK) shares climbing 5.3%, all riding the wave of positive momentum in the crypto market.

This market movement came as U.S. stock indices closed in positive territory, with the Dow Jones rising by 0.7% and both Nasdaq and the S&P 500 up by 0.3%.

Summary:

Bitcoin surged 5% on Tuesday, reaching above $71,000, which lifted U.S.-listed crypto stocks ahead of the U.S. elections. MicroStrategy shares rose nearly 9%, Coinbase rebounded to $205, and crypto miners such as Riot, Marathon Digital, and CleanSpark also saw gains. Meanwhile, major U.S. indices closed higher, with the Dow Jones up 0.7%.