Crypto Stocks Rally as Bitcoin Climbs, Trade Optimism Boosts Risk Appetite
American Bitcoin surges 10%; Robinhood and miners post solid gains ahead of Fed rate decision
Crypto-related equities rose Monday, lifted by a rebound in bitcoin (BTC) and renewed optimism over U.S.–China trade negotiations, following upbeat comments from President Donald Trump and Treasury Secretary Scott Bessent.
“I really feel good about a deal,” Trump said Monday, referring to ongoing talks that could allow China to continue exporting rare-earth magnets—critical for EVs, smartphones, and defense technologies—in exchange for a rollback of the recently threatened 100% tariffs.
The remarks extended a weekend rally that saw bitcoin briefly touch $116,200 before easing to around $115,000 at press time.
Among exchange-linked stocks, Robinhood (HOOD) led the sector, advancing 5%, while miners and AI infrastructure firms Hut 8 (HUT), CleanSpark (CLSK), and Iris Energy (IREN) added between 2% and 3%.
American Bitcoin (ABTC), led by Eric Trump, jumped 10.5% after announcing the purchase of an additional 1,414 BTC, boosting its total holdings to 3,865 BTC.
On the downside, Circle, the issuer of USDC, slipped 2.3%, lagging behind the broader crypto sector.
Traditional equity markets also moved higher, with the Nasdaq Composite gaining 1.5% and the S&P 500 rising 1%, as risk appetite strengthened. Precious metals retreated, with gold down 3.2% and silver falling 4.5%, extending recent declines.
Trump is expected to meet Chinese President Xi Jinping on Thursday, with rare-earth elements set to be a key focus. China accounts for roughly 70% of global production, making the outcome pivotal for the tech and clean energy industries.
The rally in crypto and tech stocks comes as investors position ahead of the Federal Reserve’s policy meeting, where markets largely expect a 25-basis-point rate cut. Such a move could ease financial conditions and fuel further gains across risk assets, including cryptocurrencies.
