US stocks linked to the cryptocurrency sector experienced a notable rally amid the latest surge in digital asset prices, sparked by President Donald Trump’s open support for Bitcoin and broader crypto adoption. This renewed momentum follows Trump’s public remarks identifying himself as a “big crypto guy,” which helped reverse earlier pressures on Bitcoin and inject bullish sentiment into the market.
Bitcoin’s price climbed beyond $64,000, with Ethereum holding above $1,800 and altcoins such as Dogecoin, XRP, Solana, and Cardano posting modest recoveries. The total cryptocurrency market capitalization briefly touched $2.2 trillion, highlighting a resurgence in interest across the sector.
The impact of Trump’s endorsement extended to crypto-related stocks. MicroStrategy (MSTR), known for its significant Bitcoin holdings, traded near $100 following initial intraday volatility. The company recently sold a portion of its Bitcoin reserves amid market fluctuations, but sustained buying interest kept its shares supported above critical levels. Technical analysis suggests MSTR could test resistance around $105, although below $100, downside pressure might push it back toward $95.
Coinbase Global (COIN), the leading US cryptocurrency exchange, saw its stock close above $168 and trade near session highs late in the day. After dipping to support levels around $160, COIN rebounded strongly, edging closer to the $170 resistance zone. Breaking above $170 may open further gains toward $175, while a failure to hold key support might see the stock retreat to prices near $162.
Similarly, Robinhood Markets (HOOD) gained attention as retail demand for crypto improves. The stock ended the session up over 4%, holding just above $117.50 where buyers previously encountered resistance. HOOD’s performance signals optimism for increased retail participation in cryptocurrencies this week.