Bitcoin Reclaims $84K, Crypto Stocks Rise Amid Mixed Analyst Calls

Crypto-linked stocks rallied in morning trade on Tuesday as Bitcoin reclaimed $84,000.

The apex cryptocurrency's price rose about 1.2% over the past 24 hours, lifting broader crypto-related stocks.

B. Riley raised its price target for Riot Platforms to $33 from $28 and maintained a 'Buy' rating, citing regulatory uncertainty and slower leasing activity as factors weighing on valuations.

The firm cut its price target for IREN to $91 from $96 while keeping the 'Buy' rating, saying companies with near-term revenue opportunities could benefit from execution.

Keefe Bruyette sharply reduced its price targets for Bullish and Gemini, cutting BLSH's target to $40 from $55 and GEMI's outlook to $5.50 from $27.