Bitcoin surpasses $85,000 as crypto-linked stocks surge

Bitcoin (BTC) climbed past $85,000 on Sept. 21, marking a recovery from mid-September lows of $75,000. The rally fueled significant gains in high-beta crypto-related stocks, with MicroStrategy (MSTR) rising 16.39% on Sept. 18 and continuing to climb in pre-market trading. Other stocks including Coinbase (COIN), MARA Holdings, and Robinhood also saw double-digit growth. Market sentiment improved following the SEC's announcement of a five-year regulatory exemption framework for tokenized stocks, alongside broader macroeconomic factors like declining oil prices and stabilizing bond yields.