Crypto stocks rally as Trump, regulators signal pro-crypto policy shift
Bitcoin has jumped as well, increasing 7.6% in the last 24 hours, while Ether is up more than 8.3% to trade at $2,132.
Crypto-related stocks surged on Wednesday as recent pro-crypto commentary from the US president pushed Bitcoin and the broader crypto market higher.
Alongside a rise in the cryptocurrency market, the Bitcoin (BTC) treasury company Strategy spiked by more than 10%. Crypto exchange Coinbase registered a more than 14% gain, while miners Hut 8 clocked 13.89% and American Bitcoin Corp rose 11.65%.
Dominick John, an analyst at Zeus Research, told Cointelegraph the promise of clearer regulations on the near horizon could be one of the factors fueling the rally.