Crypto-adjacent stocks rally as bitcoin and ethereum bounce
December 2, 2025
** Shares of cryptocurrency and blockchain-related firms jump early Tues, as bitcoin and ethereum bounce back on Tues
** Bitcoin, world’s largest cryptocurrency, fell >5% on Mon and extended recent steep losses as investors shunned risk assets
** Bitcoin BTCUSD up 4.9% at $90,658.57 on Tues; Ether
ETHUSD rises 6.2% to $2,964.34
** Shares of crypto exchange Coinbase Global COIN rise 4% on the session, while blockchain farm operator Bitfarms
BITF up 4%
** BTC hoarder Strategy MSTR, formerly known as MicroStrategy, rallies about 6% on Tues
** On Mon, MSTR shares tumbled as much as 12% before closing down about 3% after co slashed its annual earnings targets due to the crypto slide, and said it set up a $1.4 bln reserve to support dividend payments
** Retail trading platform Robinhood HOOD, which typically takes its cues from moves in the crypto market, up about 3%
** Crypto miners rise: Riot Platforms RIOT 2.5%, Mara Holdings
MARA 5%, CleanSpark
CLSK 3%, Bit Digital
BTBT nearly 4%
** Ether-linked names lift: BTCS BTCS 6%, Bitmine Immersion Technologies
BMNR 9% and Sharplink Gaming
SBET 6%
** ProShares Bitcoin Strategy ETF BITO and iShares Bitcoin Trust ETF
IBIT both up around 5%, while ishares Ethereum Trust ETF
ETHA leaps 8%
** With moves on the session, BTC off about 4% YTD and ETH down about 11%
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