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