Trump’s pro-crypto remarks send Coinbase and other related stocks surging

JOON HYOUNG LEE

Summary

It reported that crypto-related stocks, including Coinbase, surged on U.S. President Donald Trump’s pro-crypto remarks.
It said shares of Strategy, the world’s largest Bitcoin (BTC) treasury company, along with Coinbase and Bitcoin miners Hut 8 and American Bitcoin, posted double-digit gains.
It added that experts said stronger regulatory clarity for cryptocurrencies could reduce policy risk, and if product demand expands, crypto-related stocks may have further upside over the medium term.

Forecast Trend Report by Period

Shares of Coinbase and other crypto-related stocks surged recently after pro-cryptocurrency comments by U.S. President Donald Trump.

According to Cointelegraph on the 5th (local time), shares of Strategy jumped more than 10% the previous day (the 4th). Strategy is the world’s largest Bitcoin (BTC) treasury company.

On the same day, shares of U.S. cryptocurrency exchange Coinbase also rose more than 14%. Shares of Bitcoin miner Hut 8 (Hut8) and American Bitcoin also gained 13.89% and 11.65%, respectively.

The rally in crypto-related stocks was driven by President Trump’s remarks. Earlier, on the 4th, Trump said on his social media platform Truth Social that “if the Cryptocurrency Market Structure Act (the CLARITY Act) is not passed, the crypto industry could be handed to China or other countries,” adding that “passing the CLARITY Act is the next step toward making the United States the crypto capital of the world.”

Experts said regulatory clarity for cryptocurrencies is strengthening. Dominic John, an analyst at Zeus Research, told Cointelegraph that “(crypto) regulatory risk is being fundamentally redefined,” adding that “if policy risk declines and demand for products expands, crypto-related stocks could have further upside over the medium term.”

BTC