Stocks of leading cryptocurrency companies are soaring on Aug. 20 as a rally in Bitcoin (CRYPTO: $BTC) and other digital assets is reignited.
Strategy’s (NASDAQ: $MSTR) stock is up 9% and shares of Coinbase Global (NASDAQ: $COIN) are up 6% in early trading with the price of BTC at $72,000 U.S
Other crypto stocks such as Bullish (NYSE: $BLSH) and Circle Internet Group (NYSE: $CRCL) are up 5% as digital asset prices move sharply higher on the day. More From Cryptoprowl: Bitcoin has gained more than 10% in the past 24 hours and is trading above $70,000 U.S. for the first time since May of this year. Ethereum (CRYPTO: $ETH) has seen its price increase nearly 15% and has broken above resistance at $2,000 U.S.
The rally in cryptocurrencies has been sparked by U.S. President Donald Trump calling on Congress to pass the Clarity Act legislation. Crypto has also gotten a boost after the U.S.