A breakout could signal bullish continuation in the broader blockchain-linked equity sector. Monday's broad market optimism lifted stocks, gold, and cryptocurrencies alike after last week's inflation-driven sell-off. Some PUC members said Friday that they had originally been skeptical about the deal, and Commissioner Joseph Sullivan said he had been opposed to the deal as recently as the Sept. 25 oral arguments but ultimately supported the sale Friday. With ibit stock price staying above the 50-day moving average at $40.92, momentum traders view it as technically healthy for sustained uptrend opportunities.
