Summary
- US-listed crypto-related stocks moved higher together as Bitcoin reclaimed the $66,000 level.
- Circle surged 10%, Coinbase rose more than 9%, and Robinhood gained more than 6% as major names rallied in tandem.
- The market said Bitcoin's rebound, expectations for progress on the US Clarity Act, and a recovery in risk appetite lifted sentiment toward crypto-related stocks.
Crypto-linked stocks opened sharply higher in US trading.
Odaily reported on July 21 that crypto-related shares in the US stock market rose across the board. The gains came as Bitcoin reclaimed the $66,000 level, spurring buying across the sector.
Circle surged more than 10%, while Coinbase climbed more than 9%. Robinhood gained more than 6%.
Bitcoin mining and treasury-related stocks also advanced. TeraWulf and Strategy each rose more than 4%, while Riot Platforms and CleanSpark added more than 2%.
The move was driven by Bitcoin's rebound, expectations for progress on the US Clarity Act and a recovery in risk appetite, which boosted investor sentiment toward crypto-related stocks.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.