Crypto stocks experienced a significant boost as Bitcoin surpassed $100,000 for the first time in three months. This rise was fueled by positive developments in U.S.-U.K. trade negotiations and optimism about further agreements. President Trump expressed hope for progress in U.S.-China trade talks. The surge in Bitcoin also lifted U.S. stock markets, with shares of cryptocurrency exchange Coinbase rising 6%, and Bitcoin miner companies such as Riot Platforms and Mara Holdings climbing 7% and 8%, respectively. Bitcoin had previously hit a record high near $109,000 following Trump’s executive order supporting a strategic bitcoin reserve. Despite recent market concerns over trade policies, today’s rally marks a 33% increase from its early-April low of $76,000. \n— new from Investopedia
