Crypto Stocks Surge as Bitcoin Rallies Above $90,000
Bitcoin price surged over 2.8% in an hour, rising above $90,000 from about $88,440 during the session. This sudden rally boosted mining stocks and crypto infrastructure companies.
Hut 8 led the gains, climbing 14.4% to $42, followed by Riot Platforms with a 3.5% increase to near $14, and CleanSpark rising 5.1% to over $12. Coinbase also saw gains, up 2.27% to $258 amid anticipated upgrades including tokenized assets, on-chain AI agents, and new Base features.
In other notable moves, Bitcoin treasury firm Strategy (MSTR) rose 1.6% to $170; the firm holds 671,268 BTC valued at approximately $60.3 billion. Ether increased by 2.3% to above $3,000, while XRP traded up 2.5% to around $2 as the broader market gained momentum.
Investor optimism was further bolstered by Hut 8’s disclosure of a 15-year, $7 billion lease agreement with Fluidstack. Market catalysts also included speculation over the next Federal Reserve Chair, with Chris Waller seen as a frontrunner. Prediction markets currently price in about 77–78% odds of no rate cut next month, hinting at a possible shift from hawkish to dovish policy.
Overall, the broader crypto market showed renewed momentum after weeks of consolidation.
