Crypto-related stocks moved higher on Monday as Bitcoin staged a strong rebound from its weekend selloff.
Shares of Strategy (NASDAQ: MSTR) climbed 7.6% after Bitcoin jumped 5.9%, lifting sentiment across the broader cryptocurrency sector. The rally in the world’s largest digital asset provided fresh momentum for crypto-linked equities.
Coinbase (NASDAQ: COIN) gained 5.4%, while Circle Internet surged 13%. Bitcoin mining stocks also posted solid advances. MARA Holdings (NASDAQ: MARA) rose 6%, CleanSpark (NASDAQ: CLSK) added 5.5%, and Riot Platforms (NASDAQ: RIOT) increased 2%.
Bitcoin rebounds after weekend drop
Bitcoin had fallen to an intraday low of $63,038 over the weekend as geopolitical tensions, including strikes on Iran, sparked a risk-off move across financial markets. The decline pressured crypto stocks at the time.
However, the cryptocurrency reversed direction early Monday. Bitcoin rallied sharply, reaching a session high of $69,615 as buyers stepped in following the bounce from key support levels.
Technical support near $63,000 has held firm despite several tests in recent sessions. Bitcoin’s year-to-date low remains at $60,000, reinforcing this zone as an important area for traders to watch.
The recovery in Bitcoin prices has once again highlighted the strong correlation between crypto assets and publicly traded cryptocurrency stocks, particularly exchanges and mining companies.
