Retail brokers are catching a strong bid at midday Tuesday even as the underlying crypto tape barely budges.
After Bitcoin touched $80,000 for the first time since May, Cory Klippsten believes this uptrend signals the start of crypto's next bull run. He believes the added liquidity to bonds and liquidized shorts gave new life to Bitcoin, though he remains skeptical of the Clarity Act's power in expanding the runway.
Crypto mining stocks are climbing Tuesday after Bitcoin (CRYPTO:BTC) topped $80,000, reaching a more than three-month high, but then dipped back below that key level.
Crypto is having an extended three-day rally, and it looks a lot like what happened back in 2023, according to at least one analyst.
U.S. government spending concerns have given a second wind to the debasement trade. Gold and bitcoin have surged in recent days, while the U.S. dollar has pulled back against peers.
Last week's bitcoin rally, one supported in part by the White House reiterating its pro-cryptocurrency stance while continuing to lean on policymakers to pass the Clarity Act, benefited an array of crypto-correlated stocks, including Coinbase Global (COIN).
High Roller Technologies NYSEAMERICAN: ROLR is preparing to enter the U.S. prediction markets sector through its ROLR brand, supported by a partnership with Crypto.com, an introducing broker license from the National Futures Association and a recently announced technology arrangement, Chief Executive Officer Seth Young said during a company presentation.
For years, the digital asset sector traded at a steep regulatory discount. Institutional capital stayed sidelined, deterred by the threat of enforcement actions and a patchwork of state-level restrictions.
Nicholas Crypto Income ETF (BLOX) targets a 36% annualized distribution rate but delivers most distributions as return of capital, not true income. BLOX's complex, actively managed structure uses options overlays and crypto exposure, resulting in high volatility, a 47% max drawdown, and -8.88% YTD return. I rate BLOX 'Hold' for long-term crypto bulls and 'Skip' for those seeking stable income or capital preservation due to trajectory-dependent results and management risk.
Top crypto stocks are in a strong rally this week, helped by the ongoing Bitcoin and altcoin comeback. Strive stock jumped to $17.14, its highest level since June 15 and 62% above its lowest level this month.
On Wednesday evening, Trump hosted several crypto executives for an event at the White House, a day before the Commodity Futures Trading Commission is set to hold its first meeting of its Innovation Advisory Committee. At the event, Trump called on Congress to pass the long-stalled CLARITY Act, which is backed by the crypto industry and will establish legal guidelines on digital assets.
AIxCrypto TodayAIXCAIxCrypto$1.32 -0.23 (-14.52%) As of 11:40 AM Eastern This is a fair market value price provided by Massive. Learn more.52-Week Range$0.59▼$8.81Add to WatchlistCorporate balance sheets are signaling a definitive end to the digital asset treasury era.