Stocks of crypto-focused companies surged following a dovish speech from Federal Reserve Chairman Jerome Powell. Nasdaq-listed Coinbase and software firm Strategy saw gains, with Coinbase up 6% and Strategy up nearly 65%. Circle, which had a blockbuster IPO, also rose by 6%. Bitcoin miners CleanSpark and Riot Platforms went up by 5% and nearly 9% respectively. Crypto treasuries like SharpLink and BitMine Immersion, focusing on Ethereum, jumped over 12%. The Dow Jones climbed 2%, the S&P 500 by 1.45%, and the Nasdaq by 1.6%. Bitcoin and Ethereum prices rose, with Bitcoin at $116,318 and Ethereum at $4,740.

Read more at Yahoo Finance: Coinbase, Strategy Lead Crypto Stock Rebound as Bitcoin and Ethereum Soar