As tech stocks continued to rally on the New York stock market, bitcoin recovered to $89,000.
As of 8 a.m. on the 28th, on global coin market tracker CoinMarketCap, bitcoin was trading at $89,144, up 1.26% from 24 hours earlier.
Ethereum, the No. 2 by market cap, is up 3.26% at $3,014. Ripple is up 0.96% at $1.91, and Solana is up 2.53% at $127, with each in transaction.
The rise in virtual asset prices is seen as due to the broad gains in major tech stocks on the New York stock market that day. The Standard & Poor's (S&P) 500 index ended at 6,978.60, up 28.37 points (0.41%) from the previous session, setting a new record high. The tech-heavy Nasdaq composite also closed up 215.74 points (0.91%) at 23,817.10.
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