Major US stock indices rose last night, supported by a strong rally in Bitcoin and solid performance from crypto-linked stocks, which boosted investor sentiment.
At the close of Friday’s trading session, the Dow Jones Industrial Average rose 517 points to reach 53,277 points, a gain of 0.98 percent.
The tech-heavy Nasdaq Composite Index gained 113 points to reach 26,180 points, representing an increase of 0.43 percent.
The S&P 500 Index also climbed about 33 points to reach 7,674 points, an increase of 0.43 percent.
Meanwhile, the price of US West Texas Intermediate (WTI) crude oil declined to $86.44 per barrel.
