Crypto stocks jump as bitcoin suddenly breaks $90,000; HUT and COIN lead gains
CoinDesk
Crypto stocks like Hut 8 and Coinbase rallied sharply after Bitcoin surged past $90,000.Summary
Shares of cryptocurrency-linked companies, including miners like Hut 8 (HUT) and Coinbase (COIN), experienced significant gains following a sudden rally in Bitcoin's price, which broke above $90,000. Hut 8 saw a 14.4% rise, partially boosted by a major lease agreement with Fluidstack, while Coinbase gained 2.27% as trading volume increased. The broader market rally was also potentially fueled by traders considering dovish comments from Fed Governor Chris Waller regarding the future Federal Reserve Chair position. Bitcoin treasury holder MicroStrategy also saw gains, and other cryptocurrencies like Ether and XRP also posted increases amid renewed market momentum.
(Source：CoinDesk)