The Defiance Daily Target 1.75x Long MSTR ETF (MSTX) closed on January 2nd at $37.73, marking a 7.25% increase as MicroStrategy Incorporated (MSTR) shares rose amid a surge in Bitcoin prices. Bitcoin gained nearly 3.5%, trading above $97,000, which positively impacted crypto-linked stocks like MicroStrategy, known for its substantial Bitcoin holdings. This rise in Bitcoin comes as the cryptocurrency celebrates its sixteenth anniversary, boosting investor sentiment and lifting MSTR shares by over 5% in morning trade. Despite the recent decline in MSTR shares, the surge in Bitcoin provided a much-needed boost, aligning with technical indicators that suggested a potential rebound.