US-China Trade Talks Calm Markets, Bitcoin and Crypto Stocks Rebound Strongly
US Crypto Stocks Rally – Crypto-linked stocks in the US rose alongside Bitcoin on June 10, as several publicly traded companies continued adding the digital asset to their treasuries, driving positive market momentum. The four largest US crypto miners and major crypto firms all closed with modest gains, extending their strength into after-hours trading.
Circle Internet Group (CRCL), a Nasdaq newcomer and stablecoin issuer, led the pack with a 7% jump during the day and an additional 2.2% rise after hours, closing at $117.79. Crypto miner Core Scientific Inc. (CORZ) gained 4.27% with a further 0.87% bump after the bell. Fellow miners CleanSpark Inc. (CLSK) and MARA Holdings Inc. (MARA) both increased over 3% in regular trading and rose another 1% post-market. Riot Platforms Inc. (RIOT) also gained 2.74%, adding 1.2% after hours.
This uptick in crypto stocks coincided with Bitcoin’s 4% surge, climbing from around $109,324 to approximately $110,150, edging closer to its May 22 peak of $112,000. The positive momentum followed easing market jitters amid ongoing US-China trade talks in the UK.
MicroStrategy Inc. (MSTR), a major Bitcoin holder, mirrored this trend by gaining 4.71% during the day and pushing over 1% higher after hours to $396.61.
Robinhood Falls After Missing S&P 500 Inclusion
Not all crypto-related stocks followed the rally. Robinhood Markets Inc. (HOOD) dropped nearly 2% to $73.40 after failing to be added to the S&P 500 index during the quarterly rebalancing—a move that analysts had widely anticipated. In contrast, eToro Group Ltd. (ETOR), which recently went public, surged over 10.5% during the day, adding 2.4% after hours to $77.79. Meanwhile, Coinbase Global Inc. (COIN) recorded a modest 2% gain to $256.63.
Public Companies Keep Buying Bitcoin
The ongoing Bitcoin rally has encouraged numerous publicly traded firms to accumulate the cryptocurrency. On Monday, Bitcoin mining equipment rental company BitMine Immersion Technologies, Inc. (BMNR) announced its first purchase of 100 BTC following a planned $18 million share offering. Despite this, BitMine’s shares closed down 8.7%, before rebounding 5.2% after hours to $7.25.
Energy management firm KULR Technology Group, Inc. (KULR) reported a 4.2% share price increase after disclosing an additional $13 million purchase of Bitcoin, bringing its total holdings to 920 BTC at an average price of $98,760 per coin.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Cryptocurrencies and stocks, particularly in micro-cap companies, are subject to significant volatility and risk. Please conduct thorough research before making any investment decisions.
