Bitcoin Reaches Three-Month Peak, Sending Crypto Stocks Soaring

Crypto stocks surged on Thursday as Bitcoin reached its highest level in three months. The world's largest cryptocurrency, Bitcoin, climbed to $81,105.73, a 4.8% increase.

U.S.-listed crypto stocks followed suit, with Coinbase Global jumping 10.6%, Strategy gaining 15%, Robinhood Markets rising 16.3%, and Webull adding 12%. Other notable gains were seen in cryptocurrency mining companies Riot Platforms (11.4%), Mara Holdings (10%), and Bit Digital (15.8%).

The rally is attributed to the recent support from U.S. President Donald Trump, who urged Congress to pass a crypto bill, as well as the Treasury Department's move to support long-dated bonds.