Crypto stocks gained value with the rise of Bitcoin.

Bitcoin Increased by 2.8%

Bitcoin (BTC) price rose by 2.8% in just one hour, surpassing $90,000 and reaching a new session high. This significant increase has led to gains for companies associated with cryptocurrencies.

Companies That Benefited

Mining stocks, trading platforms, and cryptocurrency infrastructure firms saw notable gains. Hut 8 Mining Corp. (HUT), Riot Blockchain (RIOT), and Coinbase Global Inc. (COIN) stocks gained significant momentum with this rise, delighting investors.

Signs of Revival in the Markets

The broader cryptocurrency market is also showing renewed momentum. Other cryptocurrencies, Ethereum and XRP, gained 2.3% and 2.5% respectively. Additionally, the stock of Bitcoin treasury holder MicroStrategy Inc. (MSTR) increased by 1.6%.