BTCUSD: +1.68% | COIN: +5.93% | BITF: +1.29% | RIOT: +3.39%
Bitcoin surpasses $81,000, lifting crypto and blockchain stocks as expectations grow for pro-crypto regulatory shifts. BTC now trades around $81,414, sparking gains across the cryptocurrency market.
Following the election of Donald Trump, who vowed to bolster crypto in the U.S., the market anticipates substantial policy support. “His commitment to crypto is lifting Bitcoin to record levels, aiming to position the U.S. as a global crypto hub,” comments Susannah Streeter, head of money and markets at Hargreaves Lansdown.
Other leading cryptocurrencies saw significant jumps as well: Ether climbed to over $31,000, while Dogecoin reached a multi-year high.
Coinbase Global’s stock surged 15.5%, while blockchain miner Bitfarms soared 13.8%. Major mining firms like Riot Platforms and MARA Holdings also gained between 12.1% and 15.4%. MicroStrategy, a known BTC supporter, saw a 9.7% boost, with mining equipment maker Canaan rising 14.3%. BTC-focused ETFs, including ProShares Bitcoin Strategy ETF (BITO), rose 6.7%, while iShares Bitcoin Trust (IBIT) gained 6.6%. Bitcoin has now seen a 90% rise this year.
