Crypto-related stocks climb as bitcoin hits 10-week high

Keel Infrastructure

17/04/2026 15:38

** Shares of cryptocurrency and blockchain-related firms climb on Fri, tracking move of bitcoin BTC= to a 10-week high

** Iran's announcement on Fri that the Strait of Hormuz is "completely open" sends equities higher and stokes appetite for risk assets .N

** Bitcoin, world's largest cryptocurrency, up 3.2% at $77,619.13, while ETH= gains 3.7% to $2,428.74

** Crypto exchange Coinbase Global COIN.O lifts >5%, and BTC stockpiler Strategy MSTR.O surges 12.6% to a 3-month high

** Retail trading platform Robinhood Markets HOOD.O jumps 6%

** Crypto miners rise: Riot Platforms RIOT.O 4%, Mara Holdings MARA.O 2%, Bit Digital BTBT.O 6%, CleanSpark CLSK.O >4%

** Ether-linked stocks ascend: BTCS BTCS.O 9%, Bitmine Immersion Technologies BMNR.A 6% and Sharplink Gaming SBET.O about 4%

** ProShares Bitcoin Strategy ETF BITO.P and iShares Bitcoin Trust ETF IBIT.O both up >3%; iShares Ethereum Trust ETF ETHA.O leaps nearly 4%

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

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