Crypto stocks rise as bitcoin surpasses $100,000 on trade deal hopes
May 8, 2025
** Shares of cryptocurrency and blockchain-related firms rise on Weds as bitcoin tops $100,000 for the first time in three months
** Bitcoin BTCUSD, world’s biggest cryptocurrency, up 4.3% to $100,958, after climbing as high as $101,531
** Ether ETHUSD pops 14% to $2,050
** Major equity indexes rally, along with risk assets such as crypto, after wide-ranging trade deal between the U.S. and Britain
** Shares of crypto exchange Coinbase Global COIN up 6%. Co on Thurs announced $2.9 bln deal to buy crypto option exchange Deribit
** BTC stockpiler Strategy MSTR, formerly known as MicroStrategy, up 7% on the session
** Retail trading platform Robinhood HOOD surges nearly 9%
** Crypto miners up: Riot Platforms RIOT >8%, Mara Holdings
MARA 7%, Cleanspark
CLSK ~10%, Bit Digital
BTBT ~5%
** ProShares Bitcoin Strategy ETF BITO and iShares Bitcoin Trust ETF
IBIT both up >5%
** BTC now up ~8% YTD and up sharply from 2025 low of $74,446 hit about a month ago. But it remains well below record high above $109,000 hit in early Jan
Search
RECENT PRESS RELEASES
Related Post