Crypto stocks rise as bitcoin surpasses $100,000 on trade deal hopes

CleanSpark

08/05/2025 17:51

Updates

** Shares of cryptocurrency and blockchain-related firms rise on Weds as bitcoin tops $100,000 for the first time in three months

** Bitcoin BTC=, world's biggest cryptocurrency, up 4.3% to $100,958, after climbing as high as $101,531

** Ether ETH= pops 14% to $2,050

** Major equity indexes rally, along with risk assets such as crypto, after wide-ranging trade deal between the U.S. and Britain .N

** Shares of crypto exchange Coinbase Global COIN.O up 6%. Co on Thurs announced $2.9 bln deal to buy crypto option exchange Deribit

** BTC stockpiler Strategy MSTR.O, formerly known as MicroStrategy, up 7% on the session

** Retail trading platform Robinhood HOOD.O surges nearly 9%

** Crypto miners up: Riot Platforms RIOT.O >8%, Mara Holdings MARA.O 7%, Cleanspark CLSK.O ~10%,  Bit Digital BTBT.O ~5%

** ProShares Bitcoin Strategy ETF BITO.P and iShares Bitcoin Trust ETF IBIT.O both up >5%

** BTC now up ~8% YTD and up sharply from 2025 low of $74,446 hit about a month ago. But it remains well below record high above $109,000 hit in early Jan

(Lance Tupper is a Reuters market analyst. The views expressed are his own)

((lance.tupper@tr.com 1-646-279-6380))