With Bitcoin's Strong Rally… U.S. Stock Market Crypto-Related Stocks Rise Across the Board

Recently, the stock prices of U.S.-listed companies rose in tandem, driven by the increase in Bitcoin prices.

According to Cointelegraph on the 10th (local time), stablecoin issuer Circle (CRCL) saw its stock price surge 7% intraday and close at $117.79, while strategy firm strategy (MSTR) rose 4.71%, and continued to climb by over 1% after hours to reach $396.61.

Cryptocurrency mining company Core Scientific (CORZ) was up 4.27%. Competitors CleanSpark (CLSK) and Marathon Digital Holdings (MARA) both jumped over 3%, with additional gains of more than 1% after the close, while Riot Platforms (RIOT) increased 2.74% and then gained another 1.2% after hours.

The media explained, "Bitcoin's 4% rise was driven by improved market sentiment as a result of the U.S.-China trade talks held in the United Kingdom, which eased market uncertainties."

Public companies are also actively accumulating Bitcoin. Mining equipment rental firm Bitmain has acquired 100 BTC, and following this news, its shares climbed 5.2% in after-hours trading. Energy management company KULR Technology Group announced it would further purchase $13 million worth of Bitcoin, driving its stock up by 4.2%.