U.S. Crypto Stocks Surge 31% as Bitcoin Nears $94,600 in Broad Market Rally
Major US-listed crypto stocks surged as digital assets hit multi-week highs, lifting sentiment across exchanges, miners...
Quick overview
- Major US-listed crypto stocks experienced significant gains as digital assets reached multi-week highs, reflecting strong sentiment in the market.
- Bitcoin and Ether led the charge, pushing the total crypto market capitalization to nearly $3.3 trillion, with Bitcoin briefly trading above $94,600.
- Several US crypto companies saw double-digit gains, particularly in infrastructure and mining, as they adapted operations to support artificial intelligence workloads.
- Data indicates a reduction in sell-side aggression in spot markets, suggesting improved liquidity, although Bitcoin remains in a delicate position with low on-chain demand.
Major US-listed crypto stocks surged as digital assets hit multi-week highs, lifting sentiment across exchanges, miners, and infrastructure providers. This move was one of the strongest, single-day performances for crypto-linked equities in early 2026 – and it showed just how closely the price of stocks gets tied to the momentum in the token market.
Bitcoin and Ether really led the way, pushing the total crypto market capitalisation to nearly $3.3 trillion. This upswing came after a quiet holiday period, and investors were getting a bit more adventurous again, particularly when it came to companies directly involved in trading volumes, mining economics, and blockchain infrastructure.
Crypto Stocks had a Strong Day with Big Gains
Lots of US crypto companies had a great day, with some delivering double-digit gains. Infrastructure and mining firms were among the biggest winners – and investors were factoring in better fundamentals.
- Bakkt (BKKT) surged nearly 31.5% and then traded just over $15 in after-hours.
- Kindly MD (NAKA) jumped by 24%, ranking among the day’s top performers.
- American Bitcoin (ABTC) climbed 13.5% – and is now above $2 for the first time in almost a month.
- Hut 8 (HUT), IREN (IREN), and Cipher Mining (CIFR) all advanced between 12% and 13.5%
A lot of these companies have retooled their operations to help with artificial intelligence workloads – and that’s helped them tap into the demand for high-performance computing. This shift has given them another revenue stream, which has added another layer of interest from investors.
Bitcoin and Ether Hit Multi-Week Highs
The overall crypto market had a pretty good day too, adding around 1.3% over 24 hours and pushing the total market cap to around $3.3 trillion, which is shy of what it was at the start of the year. Bitcoin briefly traded above $94,600 – its highest level for a while – before coming back to around $93,800. It’s up over 7% since January 1st.
Ether did the same thing, breaking above $3,200, while XRP actually did pretty well too, jumping nearly 12% to around $2.39 – its strongest performance since mid-November. Seeing the big three tokens all move in the same direction made it feel like we’re seeing a real recovery, rather than just a one-off speculative boost.
Liquidity Improves as Selling Pressure Eases Up
According to data from blockchain analysis firm Glassnode, a structural shift may actually be underway. They’re seeing a “meaningful reduction in sell-side aggression” in spot markets – alongside modestly expanding volumes. That suggests we’re seeing an improvement in liquidity, but without all the signs of people getting too greedy.
Glassnode, though, kept saying that Bitcoin is still in a bit of a delicate spot. On-chain demand is still low, which means the market could still be sensitive to any volatility that comes up – and as it tries to build a more solid upwards trend, it could see some profit-taking too.
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