Bitcoin Surges Past $60K! MSTR and ASST Stocks Skyrocket Over 10%

Bitcoin's price witnessed a significant rebound, climbing above $60,000 on Wednesday, a level it had not sustained during recent market turbulence. The cryptocurrency traded near $60,171 this afternoon, marking a gain of approximately 2.7% on the day. Its 24-hour trading activity saw a high of $60,474 and a low of $57,718, with a total trading volume reaching $26.68 billion for the session.

This surge was primarily triggered by remarks from Federal Reserve Chair Kevin Warsh, who, during a central bank forum in Sintra, Portugal, indicated that the threat of persistent inflation had moderated. Warsh noted that inflation expectations, as reflected in surveys and bond prices, had eased. However, he also issued a cautionary statement, emphasizing that price growth remains too high and the Fed is committed to its 2 percent inflation target, reiterating the central bank's dedication to delivering price stability. Markets interpreted this balance as a sign of relief, contributing to Bitcoin's upward movement.

The cryptocurrency's advance occurred in conjunction with a rise in U.S. stocks and a retreat of the dollar from its weekly high. A weaker dollar typically fuels demand for Bitcoin and other risk assets, providing a much-needed reprieve for the asset. Despite this recent gain, Bitcoin has had a challenging year, sitting about 30% below its starting point for 2026 and more than $66,000 shy of its all-time record of $126,277, keeping the bear-market sentiment in view. Its current market capitalization stands near $1.2 trillion.

Companies with significant Bitcoin holdings, often referred to as Bitcoin treasury companies, also experienced sharper gains. Strategy (MSTR), the software firm led by Michael Saylor that transitioned into a prominent Bitcoin holder, saw its stock climb close to 7.5% on the day, with intraday highs reaching up to 13%. Similarly, Strive (ASST) jumped more than 10% at times, reaching $12.02. Both MSTR and ASST serve as leveraged proxies for Bitcoin, and their stock movements often amplify the coin's performance.

Strive has actively built its treasury throughout 2026, which now surpasses 16,000 BTC, contributing to a more than 100% stock climb over the past three months. Strategy recently unveiled a new Digital Credit Capital Framework. This framework included raising the dividend on its STRC preferred shares to 12%, authorizing up to $2 billion in share buybacks, and establishing a bitcoin monetization program that permits limited BTC sales for specific corporate purposes. The company also created a $2.55 billion U.S. dollar reserve, ensuring at least 12 months of coverage for preferred dividends and debt interest, as mandated by board rules. Strategy affirmed Bitcoin as its primary treasury asset, clarifying that any Bitcoin sales would be restricted to replenishing reserves, funding dividends and interest when preferable to issuing equity, or financing stock buybacks.