Global Stock News

Circle (CRCL), Coinbase (COIN) lead crypto stocks rally amid Clarity Act progress

Circle (CRCL), Coinbase (COIN) lead crypto stocks rally amid Clarity Act progress

Crypto-related stocks rallied Monday, led by Circle (CRCL) and Coinbase (COIN), as progress on U.S. digital asset legislation and bitcoin breaking above $80,000 lifted sentiment across the sector.

Circle, issuer of the USDC stablecoin, surged 18%, extending recent gains, while U.S.-focused crypto exchange Coinbase rose about 7%. BitGo (BTGO), a digital asset infrastructure firm offering custody and stablecoin services, climbed roughly 10%.

Strategy (MSTR), the largest corporate bitcoin holder, crypto-friendly digital broker Robinhood (HOOD) and Ethereum (ETH) treasury firm Bitmine (BMNR) were also up 3%-4%, underscoring the broad-market advance.

The move came as bitcoin pushed above $80,000 during the session,…

Source link

Share this article

Scroll to Top