U.S. crypto-linked stocks rise as Bitcoin rally triggers short squeeze

Crypto-linked stocks in the U.S. closed higher as Bitcoin and other cryptocurrency prices advanced. Strategy (MSTR) rose 11.95% to close at $103.58, while Coinbase (COIN) gained 9.05% to $159.47. Circle (CRCL) and Bitmine (BMNR) also closed up 9.44% and 9.68% at $78.50 and $20.05, respectively. The rally came after reports of expanded U.S. Treasury bond purchases and remarks by U.S. President Donald Trump about possible cryptocurrency purchases, alongside large-scale forced liquidations of short positions.