TradingKey – Pre-market on August 21, US Eastern Time, Bitcoin (BTC) continued its recent strong rally, at one point breaking above $78,000 and pushing crypto concept stocks higher. MicroStrategy (MSTR) surged over 10% in pre-market trading, extending its sharp rebound from the previous trading session.

MSTR pre-market stock price movement, Source: FUTUBULL

Recently, the U.S. Treasury’s expansion of long-term Treasury buybacks, Trump’s push for cryptocurrency regulatory legislation, the SEC signaling a more positive stance on digital asset regulation, and the resurgence of large-scale capital inflows into Bitcoin ETFs have collectively improved market risk appetite. Meanwhile, Bitcoin breaking above MicroStrategy’s average holding cost of…