U.S. crypto-related stocks rallied on Trump's pro-crypto remarks at the White House, with MicroStrategy up 15.5% and Coinbase up 13.4%.
Macro & Markets ·
U.S. President Donald Trump voiced backing for the cryptocurrency industry during a White House gathering with technology leaders, prompting a rally across crypto-linked equities. MicroStrategy climbed 15.53%, Coinbase advanced 13.41%, Bitdeer increased 9.90%, and Circle rose 7.49%, according to market data from Bitget, with most gains recorded during standard U.S. trading hours.
The moves reflect investor optimism tied to Trump's public endorsement of the sector. Each of the four stocks registered double-digit or near-double-digit percentage appreciation, signaling broad appetite for exposure to crypto-related businesses. The timing suggests a direct correlation between the White House remarks and intraday trading momentum.
It remains unclear whether the gains reflect a sustained shift in market sentiment or a near-term reaction to a single event. Longer-term effects on these equities and the broader crypto-linked market will depend on whether Trump's support translates into concrete policy shifts or regulatory clarity.