Stocks Roar Back as Beaten-Down Tech Sector Rebounds

Bitcoin (^BTCUSD) recovered from a 1.25-year low on Friday and surged by more than +11% to lift cryptocurrency-exposed stocks. Bitcoin is recovering from a selloff that briefly dragged it down more than 50% from its October record high. According to Coinglass data, investors pulled $434 million from US Bitcoin ETFs on Thursday, and about $2.1 billion in long positions in cryptocurrencies were liquidated over the past 24 hours.Fed comments on Friday were mixed for stocks and bonds. On the positive side, Fed ...