MicroStrategy gains as China stimulus sends Bitcoin higher

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Crypto is in focus as Bitcoin (BTC-USD) and Ethereum (ETH-USD) are trading higher. MicroStrategy (MSTR) shares popped after Barclays analysts raised their price target for the stock, which is widely considered a proxy to Bitcoin, to $225 from $173 and maintained their Overweight rating. China’s recent stimulus efforts have supported crypto. Seana Smith and Brad Smith take a closer look on Morning Brief.

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This post was written by Naomi Buchanan.