U.S.-listed cryptocurrency stocks advanced on Thursday as bitcoin pushed to its highest level in three months, sparking notable moves across exchanges, miners and equipment suppliers.
Bitcoin moves
Bitcoin increased 4.8% to $81,105.73, marking the largest three-month peak for the largest cryptocurrency by market capitalization.
Exchange and trading platforms
Several trading venues and platforms saw strong gains. Coinbase Global (NASDAQ:COIN) climbed 10.6%. Trading platform Robinhood Markets (NASDAQ:HOOD) rose 16.3%, and Webull (NYSE:BULL) added 12%.
Bitcoin-focused firms and miners
Companies with concentrated exposure to bitcoin posted larger moves. Strategy (NASDAQ:MSTR), a firm focused on bitcoin exposure, rose 15%. Cryptocurrency mining companies also rallied: Riot Platforms (NASDAQ:RIOT) climbed 11.4%, Mara Holdings (NASDAQ:MARA) increased 10%, and Bit Digital (NASDAQ:BTBT) advanced 15.8%. American Bitcoin (NASDAQ:ABTC), which is backed by two eldest sons of President Trump, surged 18.4%.
Supporting sectors
Other related businesses recorded strong gains. Stablecoin issuer Circle Internet (NYSE:CRCL) gained 15.8%, while bitcoin mining machine maker Canaan (NASDAQ:CAN) jumped 23.4%.
Market drivers cited
Market participants pointed to recent political and policy developments as catalysts for the rally. Bitcoin’s recent ascent followed an appeal from U.S. President Donald Trump urging Congress to pass a crypto bill. Traders also cited a move by the Treasury Department to support long-dated bonds as an additional supportive factor for the cryptocurrency market.
What this means for markets
The price advance in bitcoin coincided with pronounced gains in companies tied directly to cryptocurrency trading and mining, reflecting a concentrated move across several crypto-related sectors. Exchanges, miners, mining-equipment makers and stablecoin issuers were among the most directly affected groups.
Limits of the coverage
The article reports the price and percentage moves noted above and the policy developments referenced. It does not provide broader market context beyond those items or speculate on future outcomes.
Data recap
- Bitcoin: +4.8% to $81,105.73
- Coinbase Global (COIN): +10.6%
- Strategy (MSTR): +15%
- Robinhood Markets (HOOD): +16.3%
- Webull (BULL): +12%
- Riot Platforms (RIOT): +11.4%
- Mara Holdings (MARA): +10%
- Bit Digital (BTBT): +15.8%
- American Bitcoin (ABTC): +18.4%
- Circle Internet (CRCL): +15.8%
- Canaan (CAN): +23.4%