Crypto stocks climb as US-Iran ceasefire propels bitcoin to three-week high

Bit Digital,

08/04/2026 09:50

** Shares of crypto-related companies jump premarket after U.S. and Iran agree to a two-week ceasefire

** Bitcoin BTC= gains as much as 4.9%, hitting its highest level in about three weeks

** Crypto exchanges Coinbase Global COIN.O and Gemini Global GEMI.O rise 5.3% and 6.9%, respectively

** Strategy MSTR.O, the biggest corporate holder of bitcoin, jumps 6.6%

** Miners CleanSpark CLSK.O, Riot Platforms RIOT.O and MARA Holdings MARA.O advance 7%, 5.7% and 5.8%, respectively

** Crypto has behaved like other risk assets such as stocks, and its fortunes have been sensitive to broader sentiment around the Middle East conflict

** YTD, bitcoin lost nearly 21% as of Tuesday

 (Reporting by Niket Nishant in Bengaluru)

 ((Niket.Nishant@thomsonreuters.com))