Analyst: Crypto stocks rise with Bitcoin, and the market reignites
2026-08-20 22:13:07
According to CoinMeta, on August 20th, as Bitcoin (BTC) and other digital assets rebounded, the stocks of leading cryptocurrency companies saw significant increases. The stock price of Strategy (Nasdaq: $MSTR) rose by 9%, and the stock price of Coinbase Global (Nasdaq: $COIN) rose by 6%, with Bitcoin reaching a price of $72,000. Other crypto stocks such as Bullish (New York Stock Exchange: $BLSH) and Circle Internet Group (New York Stock Exchange: $CRCL) also increased by 5%. Bitcoin gained more than 10% in the past 24 hours and surpassed $70,000 for the first time. Ethereum (ETH) saw a price increase of nearly 15%, breaking through the $2,000 resistance level. This rebound in cryptocurrencies was driven by U.S. President Trump's call for Congress to pass the "Clarify Act" legislation, and at the same time, the U.S. Treasury Department also intervened in the bond market, planning to double its purchases of government bonds. Despite the recent rebound, the stock price of Strategy is still down by more than 25% from the beginning of the year.
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Source:Internet
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