US Crypto Stocks Rally on Bitcoin Gains amid Trade Talks
Major Gains
US-listed cryptocurrencies stocks climbed significantly Monday, mirroring a robust 4% rise for Bitcoin, which pasts $110,000 amid eased market jitters fueled by ongoing US-China trade discussions.
Key Players See Upswing
- Crypto miners: CleanSpark (CLSK) and MARA Holdings (MARA) scored about 3% gains during the day and attracted further buying interest after-hours.
- Core Scientific (CORZ) closed up 4.27% and registered a modest after-hours gain.
- Riot Platforms (RIOT) added 2.74% before a small after-hours increase.
- Stablecoin Issuer: Circle Internet Group (CRCL) surged 7% during regular trading and rose an additional 2.2% after the market closed.
- BTC Buyers:
- MicroStrategy (MSTR) gained 4.71%.
- KULR Technology climbed 4.2% following news of another Bitcoin purchase.
- BitMine Immersion Technologies (BMNR) made its market-debut while announcing its first BTC purchase.
Robinhood Hit by S&P Omission
Conversely, Robinhood Markets (HOOD) experienced slight losses, falling nearly 2%, after being excluded from the S&P 500 index during its quarterly rebalancing, contrary to market speculation.
In contrast, competitor eToro Group (ETOR) continued its rapid rise, more than doubling its initial public offering value less than a month after going public.
