Bitcoin Reaches Three-Month Peak, Cryptocurrency Stocks Soar
U.S.-listed cryptocurrency stocks experienced a surge on Thursday as Bitcoin reached its highest level in three months. The world's largest cryptocurrency, Bitcoin, increased by 4.8% to $81,105.73.
This rally comes after U.S. President Donald Trump urged Congress to pass a crypto bill, providing support for the cryptocurrency. Additionally, the Treasury Department's move to support long-dated bonds also contributed to its growth.
Crypto exchange Coinbase Global jumped 10.6%, while bitcoin-focused company Strategy gained 15%. Trading platform Robinhood Markets rose 16.3%, and Webull added 12% to their stock prices.