Strategy Rallies 9%, Bitmine Climbs 7%, Coinbase Jumps 6% as $3.3B Short Squeeze Powers Bitcoin Past $71K

English summary

Tech stocks are broadly lower Thursday morning, with the Invesco QQQ Trust (NASDAQ:QQQ) falling 0.7% to $710.90 and the SPDR S&P 500 ETF Trust (NYSEARCA:SPY) down 0.5% to $765.32. Meanwhile, crypto-linked equities jumped as Bitcoin surged past $71,000 on a $3.3 billion short squeeze, lifting Strategy by 9%, Bitmine by 7%, and Coinbase by 6%.