Overview
Investors saw a broad rally in U.S.-listed cryptocurrency‑related equities on Thursday as Bitcoin, the world’s largest cryptocurrency, rose 4.8% to $81,105.73, its highest level in three months.
Stock Performance
Coinbase Global (NASDAQ:COIN) advanced 10.6%, while Strategy (NASDAQ:MSTR) gained 15% and Robinhood Markets (NASDAQ:HOOD) climbed 16.3%. Webull (NYSE:BULL) added 12% and the stable‑coin issuer Circle Internet (NYSE:CRCL) rose 15.8%. Among mining firms, Riot Platforms (NASDAQ:RIOT) increased 11.4%, Mara Holdings (NASDAQ:MARA) rose 10%, and Bit Digital (NASDAQ:BTBT) jumped 15.8%. Canaan (NASDAQ:CAN), a bitcoin‑mining machine maker, surged 23.4%. Shares of American Bitcoin (NASDAQ:ABTC), backed by President Trump’s two eldest sons, surged 18.4%.
Catalysts
The cryptocurrency rally follows President Donald Trump’s urging of Congress to pass a dedicated crypto bill and a supportive move by the U.S. Treasury Department to back long‑dated bonds, which together have bolstered market sentiment toward digital‑asset‑linked stocks.
Disclosure
The article was generated with the assistance of artificial intelligence and subsequently reviewed by an editor, as noted in the publication’s terms and conditions.