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Strategy, Coinbase, Circle and Robinhood Lead Crypto Stocks Rally Amid Bitcoin Rebound

Strategy, Coinbase, Circle and Robinhood Lead Crypto Stocks Rally Amid Bitcoin Rebound

This article first appeared on GuruFocus.

Crypto-linked stocks climbed on Monday as Bitcoin steadied after a sharp selloff, with Strategy (NASDAQ:MSTR), Coinbase Global (NASDAQ:COIN), Robinhood Markets (NASDAQ:HOOD), Hut 8 (HUT), MARA Holdings (MARA), Circle Internet Group (NYSE:CRCL), Galaxy Digital (GLXY), Bullish (BLSH) and Iren (IREN) all moving higher.

Bitcoin recovered above $60,000 over the weekend and traded near $63,000 in early Monday action, after briefly slipping below that level on Friday. Ether also gained, adding to a modest rebound across digital assets.

The bounce came after one of the roughest weeks for crypto in more than two years, with heavy ETF outflows and a broad risk-off tone weighing on…

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