TradingKey – Bitcoin price surges toward $72,000, driving a collective rally in crypto concept stocks, with MicroStrategy extending gains by 10%.

In pre-market trading on August 20, Eastern Time, Bitcoin (BTC) surged over 11%, rallying toward $72,000 and standing at $71,720. The strong performance of Bitcoin is driving a collective surge in US crypto-related stocks, among which MicroStrategy (MSTR) surged nearly 10% again in a single day, Coinbase (COIN) and Circle (CRCL) both rose over 6%, while Robinhood (HOOD) gained over 4%.

Bitcoin price chart, Source: TradingView

Yesterday, crypto-related stocks already experienced a broad rally, with MicroStrategy surging nearly 13%, Coinbase and Circle gaining nearly 10%, and Robinhood rising…