Trump's White House Gathering Ignites Crypto Stocks Rally

Crypto stocks are poised to continue their rally on Thursday after Bitcoin reached its highest level in over two months. The surge is attributed to US President Donald Trump's meeting with industry leaders at the White House, as well as his administration's unexpected intervention in the bond market, which has led to a decline in the value of the US dollar.

The premarket trading saw significant gains for several major crypto stocks, including Strategy Inc., Coinbase Global Inc., Circle Internet Group Inc., and Galaxy Digital Inc., with all rising by at least 4%.

This follows Wednesday's advance, which also saw these companies experience notable increases. The White House gathering of industry leaders has been seen as a positive development for the crypto sector, with Trump's administration signaling its willingness to engage with the market.