Why Bitcoin and Related Stocks Soared on Friday
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Bitcoin surged by 5.3% on Friday, leading to a rise in related stocks and funds. This increase positively impacted investments closely tied to Bitcoin's performance.
January 17, 2025 | 9:30 pm
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Bitcoin's 5.3% surge on Friday likely boosted Canaan Inc. (CAN), a company closely tied to the cryptocurrency market.
Canaan Inc. (CAN) is a company that operates in the cryptocurrency sector, and its stock is likely influenced by Bitcoin's performance. The 5.3% rise in Bitcoin would positively impact CAN's stock price as it is closely related to Bitcoin's market movements.
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