Crypto‑related stocks rally broadly; BTCT surges 65%, ETHU up 16%, CONL gains 15%

Tiger Newspress08-20 21:53

Cryptocurrency‑related stocks rallied broadly. BTC Digital soared 65%, Volatility Shares 2x Ether ETF rose 16%, GraniteShares 2x Long COIN Daily ETF climbed 15%, MARA Holdings gained more than 10%, Strategy advanced nearly 8%, Coinbase Global, Inc. increased over 6%, and Riot Platforms rose more than 5%, while Circle Internet Corp. was up over 4%.

On the news front, bitcoin topped $72,000 per coin, hitting its highest level since June 2.

U.S. President Trump met at the White House with senior executives from multiple cryptocurrency‑industry firms, including representatives from Coinbase, Payward and Blockchain, further boosting market expectations that the Trump administration will foster a regulatory‑friendly environment for digital assets.

In addition, the U.S. Securities and Exchange Commission (SEC) put forward a new proposal this week that would allow certain digital‑asset issuances to be exempt from filing securities registration statements.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment