Shares of MicroStrategy, Coinbase, and other crypto-linked firms rallied following Trump’s pro-crypto remarks at a White House event.
Crypto-related stocks climbed during U.S. trading hours after President Donald Trump expressed support for the industry at a White House event with tech leaders. MicroStrategy (MSTR) led gains, rising 15.53%, while Coinbase (COIN) advanced 13.41%. Bitdeer (BTDR) and Circle (CRCL) also posted gains of 9.90% and 7.49%, respectively.
The rally followed Trump’s comments, marking a shift from his previous skepticism toward digital assets. Crypto stocks have been volatile this year, driven by regulatory developments and macroeconomic trends. Earlier sessions saw mixed performance amid broader market uncertainty.
No immediate market reaction data was provided beyond the stock movements.