Crypto Stocks Soar as Bitcoin Hits Three-Month High

Crypto-linked stocks in the US have seen significant gains as Bitcoin touched a three-month high. The world's largest cryptocurrency is now valued at $81,105.73, up 4.8% from its previous price.

The surge has led to a rally in various crypto-related stocks, including Coinbase Global, which jumped 10.6%, and Strategy, a bitcoin bull that gained 15%. Trading platforms Robinhood Markets and Webull also saw gains of 16.3% and 12%, respectively.

Several other companies have benefited from the Bitcoin price increase, with Riot Platforms rising 11.4%, Mara Holdings gaining 10%, Bit Digital increasing by 15.8%, and Canaan jumping 23.4%. The Treasury Department's recent support for long-dated bonds has also contributed to the rally.