Crypto-related stocks jumped Wednesday after pro-crypto remarks from the U.S. president and signs of regulatory progress helped lift Bitcoin and the wider crypto market.
Key movers included Strategy (MSTR), which climbed more than 10%; Coinbase, up over 14%; miner Hut 8, which rose 13.89%; and American Bitcoin Corp, advancing 11.65%.
Dominick John, an analyst at Zeus Research, said the rally is being driven by the prospect of clearer rules. He pointed to the executive branch pushing for a defined digital-asset framework, strong spot ETF inflows and the possibility of the Clarity Act passing. With policy risk receding and institutional flows accelerating, John said crypto equities could reprice higher over the medium term.
Regulators on Wall Street have also signaled further oversight steps. The Commodity Futures Trading Commission filed a regulatory review related to prediction markets, and the U.S. Securities and Exchange Commission submitted a pending application concerning federal securities laws and certain crypto transactions.
Pav Hundal, lead analyst at Australian crypto platform Swyftx, said President Donald Trump’s recent criticisms of banks and his endorsement of a Senate crypto market-structure bill helped lift sentiment. At a White House press conference Trump said the U.S. wants to be dominant in crypto, and Hundal said the market is currently pricing a policy premium into equity prices. He added that Coinbase is the cleanest large-cap expression of that potential policy shift.
The broader crypto market spiked as well: Bitcoin rose about 7.6% in 24 hours to trade near $72,866, while Ether gained more than 8.3% to around $2,132, according to CoinGecko. Hundal warned the rally could reverse if expected regulatory progress stalls or if Bitcoin weakens. He noted that Coinbase is effectively pricing policy optionality and miners are pricing operating leverage to Bitcoin’s performance; that setup works while BTC holds up but can unwind quickly if momentum falters.
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