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TDUX
Aug 25 - 01:55 PM

Bitcoin - Crypto-Linked Stocks Gain After Bitcoin Tops $80,000

By Lance Tupper  —  Aug 25 - 12:08 PM

• Cryptocurrency and blockchain-related firms gain on Tues after Bitcoin popped above $80,000

• Bitcoin rose nearly 3% earlier on Tues and touched $81,237.94, its highest level since mid-May; world's largest cryptocurrency has since eased and currently up 0.5% at $79,311.36

• BTC jumped last week after U.S. President Donald Trump urged Congress to pass a crypto bill, and received a big boost after Treasury Department's move to support ​long-dated bonds renewed so-called debasement trade fears

• BTC has rallied roughly 25% over the past seven sessions, trimming YTD loss to about 10%; it's still well below the all-time high of around $126,000 hit in Oct 2025

• Shares of crypto exchange Coinbase Global up 4% on Tues

• BTC hoarder Strategy rises 4%. Michael Saylor-led firm's stock rose on Mon after it set aside about $1.6 bln in cash to fund bitcoin purchases, buybacks among other corporate events

• Retail trading platform Robinhood Markets surges >7% on the session

• Crypto miners lift: Riot Platforms Inc 7%, Mara Holdings 7%, Bit Digital >6%

• Shares of American Bitcoin , backed by two eldest sons of President Trump, up 7%; ABTC is a majority-owned subsidiary of Hut 8 , which is up 5%

• BTC mining machine maker Canaan up ~8%, stablecoin issuer Circle Internet up 4%

• ProShares Bitcoin Strategy ETF and iShares Bitcoin Trust ETF both up about 1% on Tues

• Ether has also picked up steam recently and last week hit its highest level since Jan; ETH currently up 0.3% at $2,482.05

• Ether-linked stocks Bitmine Immersion Technologies

and Sharplink Gaming up 5% and 3%, respectively, on Tues
(Lance Tupper is a Reuters market analyst. The views expressed are his own)

Source:
London Stock Exchange Group | Thomson Reuters

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